Long time… found a good setup on EUR/USD… wanna share it with you guys
EUR/USD, 1-hour
Entry: 1.3300
Stop Loss: 1.3350
Profit Target: Trail the stop by 50 pips
Indicators: 100 SMA (blue), 200 SMA (pink), Fibs
Notice that price is starting to retrace now towards the fibs/1.3300 level. I think we may see bearishness continue and that the late sellers (or those EU traders who haven’t adjusted to the FOMC statement) jump in short.