Hey guys,
long story short, i'm going to buy the euro if the actual candle will close engulfing. Price is up against a former daily structure level and the Rsi is showing us an oversold condition, right at the 618 fibonacci level.
Stops below the lows, target1 at roughly 1,25:1 RR, target2 at the retest of the highs.
I'll keep you updated.
If you have any question, feel free to ask beneath.
Otherwise, see you in the next chart!
long story short, i'm going to buy the euro if the actual candle will close engulfing. Price is up against a former daily structure level and the Rsi is showing us an oversold condition, right at the 618 fibonacci level.
Stops below the lows, target1 at roughly 1,25:1 RR, target2 at the retest of the highs.
I'll keep you updated.
If you have any question, feel free to ask beneath.
Otherwise, see you in the next chart!
Trade active:
Let's see
Trade closed: stop reached:
Unofortunately price just touched my stop loss and then reversed to what would have been target1. It happens! But never lose confidence in your strategy.
