EU has been bearish last two days trading in a nicely structured downtrend on the 4H. Today price made a higher high then made a lower low but was not by very much, basically making a double bottom. Price then came to the resistance and is currently making the higher low on the 4H starting an uptrend and making bullish market structure. I entered on a higher low on the 15 min as you can see price does not want to go down anymore. The lower high it is testing right now could either be broken or it could hold and I would look for price to make a double bottom at the higher low it just made on the 15 min time frame. I'm targeting the high on the 4H time frame which is about 100+ pips. Looking to get another entry on the higher low price creates when it retests the resistance it will likely break for a re test entry. About a 1-7RR with a small 15 min SL.
Feel free to leave comments below!
Feel free to leave comments below!
