Setup: Weekly uptrend formed, price has retraced to the W1 38.2 fib level and expected to continue the trend to the upside. On a daily perspective, price has made a good impulse to the upside breaking above the strong and important 1.385 resistance now turned support level.
Trade: We take a long entry at the daily retracement to the broken level mentioned above (1.3850/1.3865 area), setting SL a few pips under the last H4 low and H4 61.8 fib level, while setting our TP on the weekly time frame at the anticipated new high around 1.4180
Trade: We take a long entry at the daily retracement to the broken level mentioned above (1.3850/1.3865 area), setting SL a few pips under the last H4 low and H4 61.8 fib level, while setting our TP on the weekly time frame at the anticipated new high around 1.4180
Ordre annulé:
Entry was not triggered. Price eventually hit TP