Factors building up for a long entry on EURUSD, waiting on Federal Reserve Monetary Policy Report meeting tomorrow to potentially open up the direction of the markets mainly looking at currency pairs holding the US dollar as its quote currency.
double bottom made, respected support and bullish trendline for a long position after price consolidation. Fibonacci retracement on the 15 minute for sniper entry.
Price closed by my support on 4 Hour scaled down to 15 minutes to see a double top on 15 minute resistance with price falling short of last high to get entry.
Price forming a support level off of previous support and resistance. Price is sitting above gold zone of Fibonacci retracement and made an inverse hammer which indicates a possible entry to the upside. I am not taking this trade as I do not trade on Fridays but due to the fact it is a Friday I highly suggest you take this trade on a demo account and NOT live...
