here is my eurusd long idea
its based on following rules:
- .9920 area is area of support (look left)
- market faked out from .9920 to .9870 (most fakeouts are 50 or 100 pips)
- taking fakeout for long
- gap open .9920 to .9950, not filled, has to be filled
- weeks before weekly pivot was on same area as current weekly pivot is
- will market test and break above sensitive area of weekly pivot
its based on following rules:
- .9920 area is area of support (look left)
- market faked out from .9920 to .9870 (most fakeouts are 50 or 100 pips)
- taking fakeout for long
- gap open .9920 to .9950, not filled, has to be filled
- weeks before weekly pivot was on same area as current weekly pivot is
- will market test and break above sensitive area of weekly pivot
didnt broke weekly pivot smooth. could mean we drop back.