This morning i have really nice pips on SELL EURUSD & GBPUSD. Nice Monday... hehehe in this afternoon i have very nice pips too on BUY both pairs.
OK, now what happened with EURUSD ?
I believe, base on my chart analysis that EURUSD still in down trend. SMA 120 (Magenta) show me that downtrend still valid. The last four candles on H1 Time Frame show me that EURUSD is trying hard to reverse the weekly trend but it's looks like she just coulkd play below SMA 120. Base on my KG Fibo Level the retrace looks like just reach SD +1.5 (Khaki & SlateBlue) and stuck around Daily Average level (Lime).
So, after calculating the worst scenario i decided to open SELL position with SL at 1.3048. My target 1.2898 and 1.2815.
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