EURUSD FOR LONG. WILL WAIT FOR LONDON/NEWYORK/NEWS MAJOR INPACT
2020-01-23 11:23:13
REASONS I ENTERED THIS TRADE
1. DOWNTREND IS FINISHING HITTING STRONG SUPPORT AT THE 61.8% ON THE FIB
2. STRONG RESISTANCE FROM 4 HOUR AND 1 HOUR TF
3. STRONG REJECTION FROM S1 ON PP
4. DESCENDING TRIANGLE (USUALLY BREAKS RESISTANCE AND KEEPS GOING THRU UNTIL HITTING THE STRONG RESISTANCE ZONE FROM DECEMBER 19TH TO YTD.
5. STRONG SUPPORT FROM JULY 2019 IN THE RED ZONE