EURUSD LONGS
See that EURUSD created a head and shoulders pattern on the 9th and dropped for about 80 pips. Today I see that the shoulder zone has been broken, so I will be looking for a retest which its doing now. Also, lines up nicely on the fibs with a retrace back into the 0.618 area. Lastly, I see some divergence on the RSI. Will be keeping an eye on this trade and looking for rejection of that zone on the smaller time frames. Any advice much appreciated. Good Luck!
-IA
-IA
Note
Target 1 smashed few pips away from my overall target. Thank you :)Note
Overall TP hit 76 pips
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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.