EURUSD bounce back from strong support area
- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement.
- RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart
- Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything
- Buy stop set up between my Trend Line and the 1.000 retracement level
- S/L 20 pips below the 1.272 retracement
- T/P on the .786 retracement level
- RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart
- Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything
- Buy stop set up between my Trend Line and the 1.000 retracement level
- S/L 20 pips below the 1.272 retracement
- T/P on the .786 retracement level
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