I have entered a long position on EURUSD for the following reasons;
1) Jumping late on this move - but I still believe there's a lot of potential for moves to the upside in this bearish market.
2) Recent touch of trend line and strong rejection indicates moves higher.
3) Close above fib 0.618.
4) Close above 20 ema supports bullish bias.
Let's see how this trade plays out!
1) Jumping late on this move - but I still believe there's a lot of potential for moves to the upside in this bearish market.
2) Recent touch of trend line and strong rejection indicates moves higher.
3) Close above fib 0.618.
4) Close above 20 ema supports bullish bias.
Let's see how this trade plays out!