EURUSD Daily: Last Reminescence of the Uptrend Part II

Expecting a correction from here: confluence of 61,8% retracement of the uptrend since March and 1.272 extension of the last wave up from the end of April, together with the test of the uptrend line since December the 3rd and support level which has played its role previously.

The target is the zone of 0.618 which is in a tough resistance area. SL means the break of the trend line.

İşlem aktif

İşlem elle kapatılmış:

Closed it at 1.11753 from 1.11289, as it looks like another top, price reached upper BB and resistance of downtrend line,

Waiting to reenter lower.

İşlem aktif

İşlem elle kapatılmış:

Closed long for now, showing signsof weajness 1 hour before ECB conference.

Yorum:

İşlem aktif:

Relonged this 1h candle at 0.618 retracement, SL under previous low

Yorum:

İşlem elle kapatılmış:

London session over, 4 more hours before the weekly close and bseides that, looks like a hard region now. Will wait for correction beginning with Monday to enter for the final part of this wave.