eurusd is in nice bullish tren and we were looking for price to give us a discount ( means to narrow our sl) to take a possible entry
we have taken our entry @50% of an impulsive move.
pro tip:
we don't know which area market is going to test it can be 61.8 or 50, so we go on a lower time frame such as 30 min and look for possible candlestick formation like bullish engulfing or any reversal signal
on 5 min you can also use trend lines or fast moving average to confirm your entry
we have taken our entry @50% of an impulsive move.
pro tip:
we don't know which area market is going to test it can be 61.8 or 50, so we go on a lower time frame such as 30 min and look for possible candlestick formation like bullish engulfing or any reversal signal
on 5 min you can also use trend lines or fast moving average to confirm your entry
Komen:
STOPED OUT
WE MIGHT SEE REJECTION AT 61.8 IF DONT WE ARE OUT OF THIS TRADE AND WILL LOOK FOR MORE POSSIBLE ENTRIES