The Euro is up against resistance
1. Structural - the most recent resistance zone is 1.0360 - 1.0450
2. Dynamic - 50 EMA is containing the daily close.
The most recent candlesticks of the PULLBACK are an Inside Pin Bar. We can see long wicks to the upside , indicating selling Pressure.
Entry Trigger = There needs to be a large bearish candle form ie. Bearish Outside Bar , which would be a close below inside candle and tell us SELLERS are back in control.
Stop - above the Inside Bar Mother Candle.
Target - Prior swing low.
RR = 2+
1. Structural - the most recent resistance zone is 1.0360 - 1.0450
2. Dynamic - 50 EMA is containing the daily close.
The most recent candlesticks of the PULLBACK are an Inside Pin Bar. We can see long wicks to the upside , indicating selling Pressure.
Entry Trigger = There needs to be a large bearish candle form ie. Bearish Outside Bar , which would be a close below inside candle and tell us SELLERS are back in control.
Stop - above the Inside Bar Mother Candle.
Target - Prior swing low.
RR = 2+