EURUSD Long Trade 10-21-16
Updated
PA has taken out the large cluster at 1.09 as well as hit hard resistance from the 61.8 fib level. VP is also at a low. Looking for a big reversal back up from here. Two potential targets up top, will update as trade progresses.
Trade active
Note
PA has broken and closed below the 61.8 fib level, this could show potential for further down movement to the 1.618 before a true up reversal. SL has not yet been triggered, but it is very close. If SL is triggered, I will wait until PA drops further to test the 1.618 before entering another long position.Trade closed: stop reached
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