EU H4 long opp!

Buy limit was entered on the 38.2% fibo levels (1.19900).

Reasons to enter:
1. Am expecting the price move back towards ema 21 and go upward again.
2. Trendline was respected, bullish is biased.
3. Area of support (blue rectangle) was holding the price firm. Bullish is expected.
4. Fibo level 38.2% was tested and was respected. Am expecting upwards now.

First buy,
EP: 1.1990
TP: 1.2150
SL: 1.1930 (60pips)

Second buy limit at 61.8% fibo levels.
EP: 1.1920
TP: 1.2175
SL: 1.1820 (100pips)

Trade with care and happy trading all =D

Zlecenie aktywne:

Closed the first buy, will wait for more candles for confirmation. Am expecting some slightly bearish for the moment. But once 61.8% hit, EU is going up up up!!!! =P

Zlecenie aktywne:

Fibo level 61.8% buy limit was hit this afternoon and now profiting with almost 80++ pips! What a great day =D Hope you all enjoyed the trade and remember to book profit all ~