Eu has moved exactly as expected and forecast at the start of the week.
Most time frames are clearly trending down, with all the current momentum to the downside.
I do however expect a pull back before we continue down further if the daily trend is to continue
Any longs taken now will need to be extremely clean as they are against the main bias however due the size of the move down a decent pull back is needed so this means there could be some serious % to be made on the pull back before then entering again short.
The high probability area to enter short is on the Discount of the daily move.
However with this much momentum price may rebalance a lower time frame range and then continue lower, We will have to stay open minded to several different scenarios and see what the market presents and just ensure that we are always entering in the discount of what ever range we are trading at the time.
will be an update tomorrow of a trade from friday. although the daily needs to rebalnce foe the bigger push down has been some nice pull backs on the lower time frames giving us some trades.