Price movement analysis based on Fibonacci TF 1H

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We see a euro / usd, coming out of the movement of the bearish price, to overcome the committed area in the crossing of HDH (Red Lines).

It would be the possible confirmation of a change in trend, since the environment of Fibo's K is surpassed, an area where the price will create the possible upward reaction.

In these moments the euro / dollar, is taking ground in the line Predictor (Yellow Line), as long as it is not drilled, the upward movement continues in consolidation.

The price is comfortable against OB / OS zones, allowing travel to lost price levels.

My position has market before the possible scenario, is the following:

— Entry at current market prices, around 1.15 / 1.159.
— Stop Loss around 1,157.
— Take Profit at levels of 1,167.


The benefit / loss ratio is 3.3

EURUSD

Hek.
Note
Once we surpassed R1 and R2, we continue on the wave to take profit.
Trade fermée: cible de profit atteinte
eurodollarFibonacciForexTechnical IndicatorsTrend Analysis

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