EURUSD SMART MONEY CONCEPTS BULLISH
Updated
With top down anaylsis on EURUSD I see that we have a longterm weekly bullish trend however the daily and 4HR are both bearish. Now we are at a discounted price point on the weekly and we are playing above a newly filled monthly IPA area which means we can see a solid reaction from there. Now breaking down smaller timeframe liquidity was taken and now we have Equal Highs at the 61.8 area. Which is usually the golden fib level for a lot of retail traders which means that there is money waiting to be sept above those highs which is my first target. i am looking to plan two different entries because I like how the 4HR is setup with an 8/1 and it will give me a better chance of entry without misssing the potential trade. However, on the 1HR timeframe I have a 17/1 setup playing within an IPA Fill as well as the last down candle that pushed price down before coming up.
Trade active
Both trades active looking to move to Break even
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