Looking at EURUSD on the Daily Timeframe. let's see if it makes a retracement to 70.5-78.6 fib and then make a fourth tap on the Down Trend.
Once it reaches the downtrend we'll wait for confirmations before entering.
-Daily candle closure rejecting the Trendline.
-4HR candle finished outside of the Micro uptrend if there is one.
-Target previous Daily low (100-160pips)
Once it reaches the downtrend we'll wait for confirmations before entering.
-Daily candle closure rejecting the Trendline.
-4HR candle finished outside of the Micro uptrend if there is one.
-Target previous Daily low (100-160pips)
Trade active:
+40 pips up, You can look to enter after a break and retest. Example :
