⭐️ Daily: price broke down and retest a strong weekly level (1.56000). It is creating descending higher lows. The trend here is bearish.
⭐️ H4: we can notice price broke 1.55000 that we consider a level to consider because it hasn't been retested yet.Price is creating descending lower highs we can expect a new lower high on 61,8% Fibo's zone that meet exactly
the trendline and the zone.
⭐️ H1:price is creating descending lower highs. Hooking up Fibo's retracement we can notice an interesting zone on 71/78% Fibo's zone (1,55200).
What we can do here is:
1. Wait for the price hit the zone, start ranging and going down to lower timeframes to find a perfect entry.
2. Wait for the price near the zone to find more confirmation.
3. Split the position in 2 (one in the first point of interest and one in the other).
In this case I personally opt for the first option because it allow us to find a smaller stop loss.
NEWS TO CHECK:
🐂 11:00am EUR Final CPI y/y
🐂 11:00am EUR Final Core CPI y/y
⭐️ H4: we can notice price broke 1.55000 that we consider a level to consider because it hasn't been retested yet.Price is creating descending lower highs we can expect a new lower high on 61,8% Fibo's zone that meet exactly
the trendline and the zone.
⭐️ H1:price is creating descending lower highs. Hooking up Fibo's retracement we can notice an interesting zone on 71/78% Fibo's zone (1,55200).
What we can do here is:
1. Wait for the price hit the zone, start ranging and going down to lower timeframes to find a perfect entry.
2. Wait for the price near the zone to find more confirmation.
3. Split the position in 2 (one in the first point of interest and one in the other).
In this case I personally opt for the first option because it allow us to find a smaller stop loss.
NEWS TO CHECK:
🐂 11:00am EUR Final CPI y/y
🐂 11:00am EUR Final Core CPI y/y
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