EURUSD Longs

2016年2月25日

Price has broken past the previous structured demand zone at 38.2% Fibb levels. My previous analysis on EURUSD had a potential to go long at that current price 1.1080. BUT as I mentioned if it was to FAIL it would had to break the zone with a big candle. Price did exactly that and hit its next target level for reversal on 61.8% PRZ Fibb level. Price now remains in a structured demand zone and bounced off a trend line as well my bias on this pair is now officially BULLISH. ADX also is about to confirm the setup as well as the Moving averages.


Major TIP

Always adjust to price never ever EVER remain solid on one direction. Technical analysis can always give you a edge and always keep in mind TRADING is 90% Mental 10% Technical!

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