Here is an idea Id like to see play out next week. its a simple pullback setup following the current trend. there is confluence the structure high and 4h S&R of 1.09070 area. the 38.2 fib is also hovering above this line. ive placed my limit order at the resistance line. price can pullback all the way to 1.08600 and the direction would still be right, if you dont want to hop in the action immidiately i suggest watching EU til it forms a new HL, with the 1.08600 level in mind. i will be wrong about the direction with a break and hold below 1.08600. overall my trade setup had a risk reward of 2.6 to 1
Comment:
Trade activated and .272 target hit! looking for another entry at 1.09620 area