EUR/USD - Getting Ready for Long Entries

2019-11-13 23:43:12

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Hello Traders! Welcome to my post, today we are looking at EUR/USD and we have identified the following confluences to support this high-probability setup:

-Major 78.6 Fibonacci retracement
-Major 227.2 Fibonacci extension
-Major 227.2 Fibonacci projection
-Demand zone
-Major counter-trendline support
-Approaching oversold conditions

Stop Loss: 1.09125
Targets: 1.10000, 1.10200, 1.10400, 1.10600, 1.10800

Risk to Reward Ratio: 4.15

Thank you for reading this idea, I hope you learned something and I hope that this analysis will be beneficial for your trading.

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.

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