EURUSD - Possible big swing trade idea

EURUSD is heading towards major rejection area. few possible confirmation points are':


1. Aligns well with Daily and H4 Fibo level
2. Aligns well with Daily TL
3. DXY is at possible reversal stage


How to trade this idea?

- Once we see a rejection around marked area, we will wait for break of structure.
- Once BOF Structure happens on HTF, we will look for possible OB to enter the trade.


Note: If the trade goes as planned, I will post entry levels to this idea.

Please add your thoughts in comments. Like and Share

Comentário:

If 1.2120 area is unable to hold, we will be looking at 1.2170 for next possible reversal

Comentário:

Price respecting our Idea. We will wait for Break of Structure on H1 and H4 to find exact entry levels. Stay Tuned.

Trade ativo:

After a slight manipulation around daily TL, we can see price is now heading down.

We are looking to enter on retracement around 1.20800 area and targets are as follow:

TP1: 1.20400
TP2: 1.19500
TP3: 1.18400
TP4: 1.16250

We will keep targets updating as price moves.