Recap:
EURUSD
flew downstairs Earlier this week!! but then spent most of its time ranging and retracing. We should expect a strong pull down.
Strategy:
Red:If price does not provide a trade setup in the retrace zone. Then I will wait till it breaks the current LL and look for a retrace or new structure to enter with a continuation pattern(Bearish engulfing or evening star)
Blue: If price decides to break bearish movement and break LH. Then I will be looking for Buys. Obviously with a retest or continuation pattern. Such as bullish
engulfing or Morning star.
White: Currently price is at a retest level from previous LL. It seems price is likely to range at this level. Hopefully price can provided a continuation pattern for me to enter(Bearish engulfing, Evening star)
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy and trust yourself
Strategy:
Red:If price does not provide a trade setup in the retrace zone. Then I will wait till it breaks the current LL and look for a retrace or new structure to enter with a continuation pattern(Bearish engulfing or evening star)
Blue: If price decides to break bearish movement and break LH. Then I will be looking for Buys. Obviously with a retest or continuation pattern. Such as bullish
engulfing or Morning star.
White: Currently price is at a retest level from previous LL. It seems price is likely to range at this level. Hopefully price can provided a continuation pattern for me to enter(Bearish engulfing, Evening star)
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy and trust yourself