Weekly-Montly EUR/USD chart analysis

19 de mai. de 2021

EURUSD
There is a Reversal-Level spotted in 25 feb 2021 and now its creating the second Reversal-Level again
From the trend line and fibo , The Market would make a short Reversal-Level before continuing the previous Bullish Trend
But if the Market move down below 0.786 fibo level, it might create a new Bearish Trend

just in case If the price move as expected in the chart
This is my set-up

Entry Point = 1.22894

Take Profit 1
43.6 pips = 1.23330

Take Profit 2
118 pips = 1.24074

Take Profit 3
155.1 pips = 1.24445

Stop Loss
-119.9 pips = 1.21695

Risk Reduction Entry = 1.22950