would like to see how price responds to the highlighted level above. Will observe price behaviour at this zone (false break, pin bar , bullish engulfing) If price falls straight through this level. DO NOTHING
BASED ON THE RECENT PRICE ACTION, LOWER LOWS LOWER CLOSE. DEFINITELY NEED TO WAIT FOR A PULLBACK BEFORE WANTING TO GET INVOLVED AT THE CELING AREA. IMPRESSION THAT PRICE HAS FALLEN VERY QUICKLY AFTER NFP AND WANT TO SEE THE MARKETS CALM DOWN EITHER FOR BUYERS GETTING INTERESTED AT A DISCOUNT PRICE OR POTENTIAL SELLERS PROFIT TAKING. IF PRICE CONTINUES TO...
daily close- higher high higher close. looking for trend continuation long 4H chart - 1.1390 round number to see if possibly to hold as support before entering long. looking for bullish engulfing candlestick, pin bar reversal or false break of this level before going long. 4H RSI divergence present and most likely for price to pull back to around support zone....
RR 1.84. BUYERS MIGHT PUSH THE PRICE HIGHER BEFORE THE SELLERS TAKE CONTROL. COUNTER TREND TRADE
1. big bullish daily close 2. 4h- breach of the CONSOLIDATION range 3. eurusd long SL below the prev spike low. 4. target the highs as target 1
WAIT PATIENTLY FOR FUNDAMENTALS. WANT TO HEAR EUR WEAKNESS IN FUNDAMENTALS TODAY