My bias is short unless price breaks and retests our triple top level of 0.66830. Only in this instance will I go long upon valid confirmations.
There are 2 possible entries here, shorts will only be taken following the break and retest of 0.66350 or a rejection from the 0.66830 (Triple Top Level).
NO TRADE SHOULD BE TAKEN UNLESS THESE SCENARIOS ARE MET .......
I Will be looking to short from the
0.91000 level or the 3rd trend line touch following
If price breaks and retest the TL @ 0.91000 I will go long following a valid retest and bullish confirmation.
NO TRADE SHOULD BE TAKEN UNLESS ONE OF THE SCENARIOS ARE MET .... (DISCIPLINE) !!!!!!!
Expecting price to retest previous structure before a possible 50 - 100 pip decline.
If price breaks support, I will be expecting a retest before going short.
My bias is Short so i will only get in if price meets my requirements (DISCIPLINE) !!!!!!!
This simple guide was designed to help aspiring traders understand the structure of the markets. Structure is apparent on all Timeframes so it is imperative that you familiarise yourself with it.
If u have any questions on this topic feel free to msg me x