EURUSD (D1) - Wait to key Poin (If)

EUR/USDOANDA

Description

⋅ Oct 27, 2021 7:08 AM

RSI negative divergence at bottom (1.15286)
The resistance area (1.16522-1.16744) still strong
The decline (correction) to the Fibonacci Retracements (0.5) area is necessary
and does not indicate whether the pair continues to rise or fall
So, we expect more of an increase and at least return to the 1.165221.16744 zone,
but not to Buy or Sell now!

*In case the pair rises out of this zone (Higher 1.16744 with strong rise candle),
will buy with the target at 1.18851

*In case the pair falls out of this zone (Lower 1.16522 with strong fall candle),
will Sell with the target at 1.15472

⋅ Oct 28, 2021 3:37 PM

Candlestick force is quite strong, surpassing the resistance area, so wait for a retest to execute a Buy order