Has been in consolidation for a couple weeks now. There has been multiple reversal patterns off the MA followed by a stop hunt for shorts. Looking to ride trade back into structure @ 0.67 then eventually make lower lows.
After the Daily trend line break I was looking for a retest of the trendline with fib confluence. All of this was achieved earlier today which is why I entered a short term long trade. First targets are @ 107.48 and S/L is right below the 61.8 fib and TL @ 105.95. Trade at your own risk.
Euro Dollar has been floating around this 1.24 level for a few days now. It has recently imprinted an inverted head and shoulders pattern with fib confluence. I expect the bullish trend to continue through the end of this week. First Target is 1.55, then extended targets are at 1.69. S/L @ 1.23, will be moved to break even when first target is achieved.
Bullish trend continuation trade to previous highs and beyond, Euro Dollar recently broke major stucture @ 1.24 quickly after this is retraced back right into structure with fib confluence. Stop Loss @ 1.2344 Take Profit #1 @ 1.25 Take Profit #2 @ 1.74
Has recently broke the major structure level @ .8 then it quickly rejected that price like it has previously in the market. After the rejection it came back up to test that same structure. Short will be held back into structure. S/L placed above CTL
