EURUSD on the 4h chart after the break of the 1.10 area retraced below the monthly structure over a previous resistance now turned support.
The market tested perfectly the 0.886 Fibonacci level and is consolidating below the key level.
A break above the area will shoes bullish increasing pressure and also for that reason we can consider a long order.
If the price will move as expected and the Strategy will be satisfied we can set a buy order according to the MTB Plancton's strategy rules.
The market tested perfectly the 0.886 Fibonacci level and is consolidating below the key level.
A break above the area will shoes bullish increasing pressure and also for that reason we can consider a long order.
If the price will move as expected and the Strategy will be satisfied we can set a buy order according to the MTB Plancton's strategy rules.
Comment:
breaking above as expected
Comment:
moving in the resistance area
Comment:
as expected
Comment:
rejected by the previous high
Comment:
waiting for the break of the descending trendline