Hello everyone!
I see a triangle pattern forming for EUR/USD. There is an hourly support line @1.08292. The support line is respecting the .618 FIB. If we do not see a breakout of this support at the start of the Euro trading session I expect a retracement to the top of the triangle at resistance level 1.09917.
If taking a sell position:
Entry: 1.08263
S/L: 1.08468
TP: 1.07629
If taking a buy position:
Entry: 1.08675 (this is in case it breaks through the FIB .50 resistance)
S/L: 1.08317
TP: 1.09694
I see a triangle pattern forming for EUR/USD. There is an hourly support line @1.08292. The support line is respecting the .618 FIB. If we do not see a breakout of this support at the start of the Euro trading session I expect a retracement to the top of the triangle at resistance level 1.09917.
If taking a sell position:
Entry: 1.08263
S/L: 1.08468
TP: 1.07629
If taking a buy position:
Entry: 1.08675 (this is in case it breaks through the FIB .50 resistance)
S/L: 1.08317
TP: 1.09694