Scenario:
Price has broken structure bearishly on weekly. This can be noted as a bearish impulse, I look forward for the retracement to the 70 - 80 % fib. zone for a new bearish impulse movement.
Expectation:
I expect price to pull up from its current zone to retest the 70/80 zone before the bearish impulse as outlined on the chart.
Comment: Keep track of EURUS on lower time frame carefully looking for a bearish break on 1,4H TF.
Price has broken structure bearishly on weekly. This can be noted as a bearish impulse, I look forward for the retracement to the 70 - 80 % fib. zone for a new bearish impulse movement.
Expectation:
I expect price to pull up from its current zone to retest the 70/80 zone before the bearish impulse as outlined on the chart.
Comment: Keep track of EURUS on lower time frame carefully looking for a bearish break on 1,4H TF.
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