Hello traders. as we predicted, the price broke the strong resistance at 50% fib level on weekly chart and shoot up for next support at 1.1300. Stop loss at 1.10970. Have a happy trading. Disclaimer : not a recommendation, only for educational purposes.
EURUSD at 50% fib retracement on weekly chart and appears to be forming a double top pattern. If price closes below previous day low i.e 1.09080 we are looking for short entry. or if it makes another green candle above 1.1000 (above previous day high) , we are looking for long position with target at next fib level 1.1306. Happy trading. Disclaimer : For...