Great opportunity here to long Euro -Bull trend -Really strong level of support here at the 0.5 fib retracement -This area is also a previous support level on a number occasions if you look left -Stops just below the 0.618 retracement -Two tweezer tops/spinning tops here where price action is now -This usually means consolidation for a move and I think potential...
Were in a bullish trend here :) -This daily trendline has held for our last EA Long so I think it will hold again -ABCD Structure -FIB on here from most recent A to B wave watching the 0.618 as usual -There is some AUD news coming out later this evening to bare in mind if we get it. -So I'm looking for a good amount of rejection...some long wicks and reversal to...
BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....