EURUSD profit target reached perfectly, prepare to buy
Buy above 1.1829. Stop loss at 1.1758. Take profit at 1.1957.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1829 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 1.1957 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 0.2% where we expect a bounce from.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1829 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 1.1957 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 0.2% where we expect a bounce from.
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