EURUSD (4H) Taking a breather? Two interesting things.
We have run into two different things here.
Firstly we have the 1.0700 psychological level where price seems to have found resistance.
Secondly, we have a 61.8% fibonacci retracement of Z to X.
Combined with these two we are currently in overbought condition.
I'm looking to profit from this breather with a rather tight/risky stop loss.
Firstly we have the 1.0700 psychological level where price seems to have found resistance.
Secondly, we have a 61.8% fibonacci retracement of Z to X.
Combined with these two we are currently in overbought condition.
I'm looking to profit from this breather with a rather tight/risky stop loss.
Transaction en cours
Trade fermée: cible de profit atteinte:
Partly closed after 30 pips (just passed half way to final target), booking profit. Moving stop loss to break even.
Trade fermée manuellement:
Closed remainder at 1.06448.
Commentaire:
Moved beautifully according to prognosis earlier this week
Monitoring