EUR/USD - Preparing for a (possible) massive Bearish Bounce
Our 4 confluence trade setup
We are in the midst of a large retracement on the 4h timeframe and expect price to go all the way up into the
1) premium price range where there is a
2) sizeable fair value gap that lines up perfectly with the
3) Fibonacci Golden Zone and also an area of
4) Support/Resistance.
We expect a continuation of bearish price action, so we look to target beyond the latest low created on the 4h.
We are in the midst of a large retracement on the 4h timeframe and expect price to go all the way up into the
1) premium price range where there is a
2) sizeable fair value gap that lines up perfectly with the
3) Fibonacci Golden Zone and also an area of
4) Support/Resistance.
We expect a continuation of bearish price action, so we look to target beyond the latest low created on the 4h.
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