Looking to get long the EURUSD for a greater move to the upside. Looks like there will be further move to the downside to blow the HS pattern and hit the retail stops. When there is a confirmation of reversal around the 1.046 area, will get long.
Retracing a recent push higher, expecting another move higher, will likely see a move to the recent highs, and potentially further. Must see an confirmation of a reversal in the execution area.
Expecting to drop down to a further retracement of the recent leg higher on the Daily. Will be looking for some confirmation of a reversal on the Daily down to the 4Hr charts around the 1.044 area. With a confirmation, I will get long and expect price to break the recent high around 1.075.
If current candle closes with a tail, I will set a sell stop a few pips below the body of the candle. I am expecting this to be a retrace of the recent move down, but will only enter with confirmation of a reversal signal.
