Buy EUR/USD to 61.8% projection resistance, sell thereafter.
EURO / U.S. DOLLAR FX_IDC:EURUSD
– First we will see the price develop back long to around 1.1046 ( fib 61.8% on hourly TF)
– We see that the price nicely bounced of the 127.3% on the Extension I on the 4 hourly TF and exactly on the 161.8% on the daily TF. 🙂 #confluence
–> this was exactly as predicted in our previous signal where we had a 100% accuracy. (despite i drawed my SL incorrectly on my previous signal)
– We expect ultimate price low on Extension I and Fib projection 200% on the 4 hourly TF. Which is around 1.0888. From that point we will use the retracements tool to examine the next trend.
We are now sitting on a point where trend could change after we reached target 1.0888. if we see more confluence on breach on multiple fib levels, we will continue selling within the trend.
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