Nice looking counter trend trade on Eurusd. It is a counter trend trade so more risky. I have removed some of the other moving averages to give a clearer picture, pullback to 21 ema which also is a support level. Turned at 61.8% as well.
It's possible this could go down to the 1.10256 area if it is a zigzag correction. I will play it safe though at take profit at the support level and 21ema. If it is going further down it will like give another break and 21ema pullback anyway
R:R over 3:1, so worth it for a counter move if you ask me
It's possible this could go down to the 1.10256 area if it is a zigzag correction. I will play it safe though at take profit at the support level and 21ema. If it is going further down it will like give another break and 21ema pullback anyway
R:R over 3:1, so worth it for a counter move if you ask me