EURUSD now finished the current correction, and we target penetrating the resistance and exceeding it in a long bullish trend.
But we must always be careful with our entry point and our alternative scenarios if anything happened.
first we need the market to penetrate this minor resistance which would prove that the current market behavior have enough momentum to not just do sideways slippage and just put your stop-loss below the support area after penetration.
also we have 1H trend flipped over which is the main drawing of this idea:
The alternative of this scenario,
If the market can't find enough momentum, and close below the trendline and the minor support level, that would a signal to short this currency pair and you would target the support level, and we will talk about it later during the day, if that happened!
To be updated...
But we must always be careful with our entry point and our alternative scenarios if anything happened.
first we need the market to penetrate this minor resistance which would prove that the current market behavior have enough momentum to not just do sideways slippage and just put your stop-loss below the support area after penetration.
also we have 1H trend flipped over which is the main drawing of this idea:
The alternative of this scenario,
If the market can't find enough momentum, and close below the trendline and the minor support level, that would a signal to short this currency pair and you would target the support level, and we will talk about it later during the day, if that happened!
To be updated...
Comment:
Comment:
wait for trendline penetrations and use tight stop-loss just below the latest bottom before penetration.
Comment:
Initially target this level:
