EURUSD - LONG
Why are we entering?
- Expecting EUR strength and USD weakness
- In a bigger descending wedge and approaching wedge support.
- Approaching -0.27 target fibonacci (where we expect a reversal)
What are we waiting for to happen?
- Waiting for price to tag the channel support
- a break of WFB
What is our confirmation?
- a 4H bullish candle at the wedge support
- WFB confirmation
Entry
Safe Entry: Bounce off support and then WFB
Risk Entry: Bounce off wedge support
Once entered, where will our Stoploss be?
- Below the rejected price
Where do we take profits?
- First TP: 1.155
- Second TP: 1.159
- Third TP: 1.67
Why are we entering?
- Expecting EUR strength and USD weakness
- In a bigger descending wedge and approaching wedge support.
- Approaching -0.27 target fibonacci (where we expect a reversal)
What are we waiting for to happen?
- Waiting for price to tag the channel support
- a break of WFB
What is our confirmation?
- a 4H bullish candle at the wedge support
- WFB confirmation
Entry
Safe Entry: Bounce off support and then WFB
Risk Entry: Bounce off wedge support
Once entered, where will our Stoploss be?
- Below the rejected price
Where do we take profits?
- First TP: 1.155
- Second TP: 1.159
- Third TP: 1.67