Long Opportunity to Watch For
The EUR/USD on the daily chart is currently in a bullish trend. Price is currently retracing before a potential extension upwards. I am looking for price to enter previous structure zone (identified in purple) and then an entry signal on the 4-hour chart before getting long on this one. Profit targets are in the green zone, with stops below the red line.
The profit target is a confluence between a Fibonacci extension level (1.272 to 1.5) and a measured move of the previous bullish extension (AB=CD pattern). A more conservative target would be a retest of the previous swing high.
Stop loss is set at the level which will violate the trend and mean that price is moving into consolidation or a bearish trend.
The profit target is a confluence between a Fibonacci extension level (1.272 to 1.5) and a measured move of the previous bullish extension (AB=CD pattern). A more conservative target would be a retest of the previous swing high.
Stop loss is set at the level which will violate the trend and mean that price is moving into consolidation or a bearish trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.