EUDUSD 2 Hr Potential for Long with CCI diver, Fib. retr.
The EURUSD upleg from May 25 to Jun 10 as retraced 38.2% of that price change, which is often a turning point for resumption of uptrend. During this price drop, 13 CCI has diverged, giving higher low, another checkpoint before price resumes any uptrend. If 100 CCI is > -100, that also allows upside to price. When the green trendline on 13 CCI is broken to the upside, That's the Long entry, whenever the other criteria have also been met. One more criterion, below, is necessary most of the time. (The exception is when a long explosive upmove happens, and takes 13 CCI above zeroline on the first move up)
After a CCI divergence forms higher low, the price generally then needs to drop back to retest the low or go even some lower, but then the door is open for price to resume uptrend if it wants. You can watch the retest of price low, then all the checkpoints are in to be ready to go Long if price moves up, and both CCI's move up
After a CCI divergence forms higher low, the price generally then needs to drop back to retest the low or go even some lower, but then the door is open for price to resume uptrend if it wants. You can watch the retest of price low, then all the checkpoints are in to be ready to go Long if price moves up, and both CCI's move up
Comment:
Shown on next publ. chart, the remaining requirement before taking a Long was for price to retest the low, which happened at 5pm June 15. Learn to trust CCI/price checkpoints to know whether a turn is yet allowed by market, and trust the early entry when it is finally offered