EURUSD: Supported by a nice parabolic curve
Updated
The current curve is doing pretty well its job as a support. As you can see in my chart it has worked multiple times over the last days.
EUR being very strong against USD at the moment I am taking advantage of the momentum to buy the pair.
We have a current structure on M15 which has been broken to the upside (will show below) suggesting the pair could go higher.
I will target the 61.8% fib level as Target 1, and 78.6% as Target 2.
*** Trade at your own risk ***
EUR being very strong against USD at the moment I am taking advantage of the momentum to buy the pair.
We have a current structure on M15 which has been broken to the upside (will show below) suggesting the pair could go higher.
I will target the 61.8% fib level as Target 1, and 78.6% as Target 2.
*** Trade at your own risk ***
Note
Trade closed: target reached
1st target hit, I will not look be trading Target 2. Hope you guys made some pips!Note
Target 2 reached, congrats to those who kept the trade!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.