EU is on the 15min trend pullback within 4h Ranges (1.09044 - 1.07598) for the 15min it is now on a bullish phase since it facilitates the 4H pullback. No signs of a continuation of 4H going down no 15min structure turning bearish yet as of now.
so in order to trade in this London and US Session i want to look for a BUY before the big SELL. for Buyers we must understand that we only trade the 15min ranges, in order for the risk to be managed. Since it almost touches the 50 percent of the fibo level for which we can look for a sell.
so for the available ranges as of now are 15min ranges (1.08298 - 1.07822),
for high risk trade - we look for the 1min pullback structure bullish.
for low risk - we look for the 5min pullback structure bullish and wait for the 1min confirmed entry to take a trade.
as for the sell we only will look at the charts and look for the sell above the 50 percent fibo of 4H downtrend range.
keep in mind we are still on a BULLISH DAILY, this is only a pullback of the daily, so it can happen to burst up the 4H high and try to break the daily weak high if we sell now it really is very HIGH risk.
so we must wait for the 15min bearish Structure to print above the 50 percent fibo in order to look for the 5min bearish structure and the 1min confirmation inside of 5min bearish structure.
so in order to trade in this London and US Session i want to look for a BUY before the big SELL. for Buyers we must understand that we only trade the 15min ranges, in order for the risk to be managed. Since it almost touches the 50 percent of the fibo level for which we can look for a sell.
so for the available ranges as of now are 15min ranges (1.08298 - 1.07822),
for high risk trade - we look for the 1min pullback structure bullish.
for low risk - we look for the 5min pullback structure bullish and wait for the 1min confirmed entry to take a trade.
as for the sell we only will look at the charts and look for the sell above the 50 percent fibo of 4H downtrend range.
keep in mind we are still on a BULLISH DAILY, this is only a pullback of the daily, so it can happen to burst up the 4H high and try to break the daily weak high if we sell now it really is very HIGH risk.
so we must wait for the 15min bearish Structure to print above the 50 percent fibo in order to look for the 5min bearish structure and the 1min confirmation inside of 5min bearish structure.