EURUSD profit target reached once again, prepare to buy

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Euro / Dolar A.S. (FX:EURUSD)

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FX:EURUSD Euro / Dolar A.S.

trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdlong eurusdprediction eurusdforecast forex forextrading

Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811.
Reason for the trading strategy (technically):
Price has dropped strongly towards our profit target as expected. We prepare to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support) for a bounce up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is approaching major support at 1.6% where a corresponding bounce is expected.

Dagangan ditutup: sasaran tercapai:

Back to kicking some serious ass ;)

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