Beginner Trader, we have a channel.. reaching a resistance. I have attached the Fibonacci Retracement Tool to my chart, also the 50 day lines up the 61.8? $
Here we have the EURUSD pair. On the monthly, we are approaching a Strong Supply Zone. As well, we are in a uptrend, we have been ranging for the last 4 months. On the daily here, I have presented what I analyzed to be a Golden Demand Zone. I expect price to shoot down into the price area, then to the moon and to be sold again.
Price action needed for entry, currently supply zone broken by engulfing/ long consolidation?
Hello and Welcome! This is my analysis and current trade thanks to signal provider. If you decide to take this signal... Entry: 71.71 SL: 72.37 TP: 70.552 Use good risk management! Watch price action (: Leave your analysis below or your current trades.
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