SMC - BUY EURUSD
Conditions for setting up a Buy:
1. The trend on the H4 and H1 timeframes is upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. The Fib 0.5 - 0.618 zone is currently a liquidity zone.
Entry:
- Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed
- SL below Fib 0.618, TP at the nearest peak
- The remaining 0.5% will wait to see if the price moves to the Fib 0.5 - 0.618 zone and confirms a reversal candlestick pattern on a timeframe smaller than M15.
Note:
This is personal analysis for reference only. Take responsibility for your own potential losses.
1. The trend on the H4 and H1 timeframes is upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. The Fib 0.5 - 0.618 zone is currently a liquidity zone.
Entry:
- Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed
- SL below Fib 0.618, TP at the nearest peak
- The remaining 0.5% will wait to see if the price moves to the Fib 0.5 - 0.618 zone and confirms a reversal candlestick pattern on a timeframe smaller than M15.
Note:
This is personal analysis for reference only. Take responsibility for your own potential losses.
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