EURUSD LONG SETUP 19/03/2021
Keep in mind that I took a long setup on 15/03/2021 I closed it with 1.5% profit and got out at BE. I still expect DXY weakness.
Weekly :
- We are making clear Higher High's and Higher Lows on the weekly chart.
- We rejected the weekly supply and demand zone as well.
Daily :
- We broke the descending trend line .
- We received a previous fibonacci completion. (-68)
- We rejected the weekly supply and demand zone very aggressively. ( blue box )
4H :
- We broke the last LH and the descending trend line as our indication.
- We are consolidating and making a kind of Natural M pattern ( same highs mean same lows )
- We drew the fibonacci from the 3rd leg to the 2nd leg.
- We have a clear Supply and Demand Zone under the 78.60.
I take this this trade with 0,5% risk, I am involved in another USD pair and I don't want to be too exposed.
Weekly :
- We are making clear Higher High's and Higher Lows on the weekly chart.
- We rejected the weekly supply and demand zone as well.
Daily :
- We broke the descending trend line .
- We received a previous fibonacci completion. (-68)
- We rejected the weekly supply and demand zone very aggressively. ( blue box )
4H :
- We broke the last LH and the descending trend line as our indication.
- We are consolidating and making a kind of Natural M pattern ( same highs mean same lows )
- We drew the fibonacci from the 3rd leg to the 2nd leg.
- We have a clear Supply and Demand Zone under the 78.60.
I take this this trade with 0,5% risk, I am involved in another USD pair and I don't want to be too exposed.
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