BUY SETUP:
SETUP: Break and retest resistance and trendline.
ENTRY: Bull confirm candle on the minor break and retest.
SL: 5-15 pips.
TP: Red lines.
SELL SETUP:
SETUP: 4hr break and retest to current resistance.
ENTRY: Bear confirmation candle on smaller time frames.
SL: 5-15pips.
TP: 0.7145 area(38% fib retracement).
Note: Pendings may be set for these setups. Price will also determine which setup is taken.
SETUP: Break and retest resistance and trendline.
ENTRY: Bull confirm candle on the minor break and retest.
SL: 5-15 pips.
TP: Red lines.
SELL SETUP:
SETUP: 4hr break and retest to current resistance.
ENTRY: Bear confirmation candle on smaller time frames.
SL: 5-15pips.
TP: 0.7145 area(38% fib retracement).
Note: Pendings may be set for these setups. Price will also determine which setup is taken.
Comment:
Looking for long positions at this current support or after the break and retest of the head and shoulders formation. Price can come down to the 0.7145 area before moving up.
