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EURUSD Long/Buy Idea
The price had previously reached Sell Side Liquidity, then quickly dropped to the Fibonacci Golden Pocket area. These two indicators provide a basis for placing a buy position now with a significant risk to reward.
Explanation:
Sell Side Liquidity: An area where there are many sellers who want to sell their assets. When the price reaches this area, high selling pressure can cause the price to drop quickly.
Fibonacci Golden Pocket: A Fibonacci retracement area that often acts as a strong support or resistance point.
Risk to Reward: The ratio between the potential profit and potential loss of a trade.
Conclusion:
Based on the Sell Side Liquidity and Fibonacci Golden Pocket indicators, there is an opportunity to buy the asset now with a significant risk to reward.
Explanation:
Sell Side Liquidity: An area where there are many sellers who want to sell their assets. When the price reaches this area, high selling pressure can cause the price to drop quickly.
Fibonacci Golden Pocket: A Fibonacci retracement area that often acts as a strong support or resistance point.
Risk to Reward: The ratio between the potential profit and potential loss of a trade.
Conclusion:
Based on the Sell Side Liquidity and Fibonacci Golden Pocket indicators, there is an opportunity to buy the asset now with a significant risk to reward.
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