MEX_Exchange
Long

EURUSD profit target reached perfectly once again,prepare to buy

FX:EURUSD   Euro / US-Dollar
Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855.
Reason for the trading strategy (technically):
Price has plummeted from our selling area perfectly to our profit target. We prepare to buy on major support at 1.1747 ( Fibonacci retracement , horizontal overlap support, Fibonacci extension ) for a bounce up to at least 1.1855 resistance ( Fibonacci retracement , horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support at 1.1% where we expect a corresponding bounce from.
you sir, are a legend.
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Greetings from UK! Thanks for all the analysis, we are forever grateful to you!
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thanks for the analysis, i will always support good trade ideas from you :)
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Agree, Agree, Agree! great risk-reward setup, Momentum indicators are a huge help in ranging markets!
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