After a heavy rejection followed by a massive impulse to the downside, I expect some sort of pullback as we get very close to key level of resistance.
As well, with any impulse there must be some sort of liquidation/profit taking & the 50% fib zone seems appropriate,
- but so does any type of pullback so stay cognitive with prices movement.
For all we know the bulls could just be too overwhelming and continue to push down, but anticipate a pullback and make sure you are able to react properly when a decision is made.
EURUSD buy on pullback, take PP and hold onto position till next movement is confirmed. Then from there it's fair game.
Key is patience & execution
Cheers.
As well, with any impulse there must be some sort of liquidation/profit taking & the 50% fib zone seems appropriate,
- but so does any type of pullback so stay cognitive with prices movement.
For all we know the bulls could just be too overwhelming and continue to push down, but anticipate a pullback and make sure you are able to react properly when a decision is made.
EURUSD buy on pullback, take PP and hold onto position till next movement is confirmed. Then from there it's fair game.
Key is patience & execution
Cheers.