EURUSD Uptrend fib retracement potential long
Good day all,
This is my first analysis.
Trend currently is up, trend is your friend.
4H outer trend line respected.
Currently price is respecting inner trade line in 1H.
Confluence 1: double bottom spotted
Confluence 2: lower wicks spotted in double bottom
Confluence 3: support found in 78.6 level
Entry price:1.05028
Take profit at -27 extension: 1.06379
Stop loss below 78.6 zone: 1.04563
Risk to reward 1:3.24
Do provide feedback or this analysis! Trade at your own risk thank you!
This is my first analysis.
Trend currently is up, trend is your friend.
4H outer trend line respected.
Currently price is respecting inner trade line in 1H.
Confluence 1: double bottom spotted
Confluence 2: lower wicks spotted in double bottom
Confluence 3: support found in 78.6 level
Entry price:1.05028
Take profit at -27 extension: 1.06379
Stop loss below 78.6 zone: 1.04563
Risk to reward 1:3.24
Do provide feedback or this analysis! Trade at your own risk thank you!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.