Envious_

EURUSD Short Idea - Waiting for Retracement

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OANDA:EURUSD   ユーロ/米ドル
Hey Traders, EURUSD has been in a long-term downtrend and for it to be in an uptrend it has to break the previous area where the initial bearish order block is and retest off that level to continue upwards. Price has reached to its lower low point fairly quickly so price will now attempt to correct the liquidity. I have pointed out where the 61.8 fib is for a possible entry and I have also pointed out an area of support, which needs to be tested for a resistance. Price has broken through the 4hr fractal high indicating it wants to go higher, so we will play the waiting game and I will let you traders know when this idea comes to light. Happy trading, Traders and hope this idea helps.

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