Eurusd is "sandwitched" between heavy bids @ 3320-00 and barrier defense @ 3380-00 area. There is long opportunity coming up as confluence of Bids from 3300 , FTB (breakout and retrace) setup and 1h 50% retracment level all matching up @ 3300 area.
Taking a closer you will see that there is a difference of 13 odd pips between 3300 and 50 ret level. You should also know that there are stops hiding just below 3300 and there are bids again in front of 3280 area.
So there are two options go long @ 3300-10 and have you SL @ 3250-60
or
Wait for the stops below 3300 to get cleaned up and as there are getting triggered get in your long somewhere in the 3290-00 area with SL @ 3250-60.
.
Taking a closer you will see that there is a difference of 13 odd pips between 3300 and 50 ret level. You should also know that there are stops hiding just below 3300 and there are bids again in front of 3280 area.
So there are two options go long @ 3300-10 and have you SL @ 3250-60
or
Wait for the stops below 3300 to get cleaned up and as there are getting triggered get in your long somewhere in the 3290-00 area with SL @ 3250-60.
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