chuygbg
Long

great trend entry set up on EURUSD

FX:EURUSD   Euro / US-Dollar
after rallying into the 1.618 extension and hitting overbought territory it's safe to expect a downturn on this breakout, when setting up a Fibonacci retracement we can see that the market is looking for a support at the 0.382 where market had previous resistance, when hitting the 0.382 it would be safe to assume we could be looking for a trend continuation
Trade ist aktiv: as the price unexpectedly moved higher the retracement had to be redrawn but the entry point remains the same only targets moved, https://www.tradingview.com/chart/1mpKryB7/
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