IDENTIFY
Currently the overall trend of EURUSD is short. From my bias price has broken @.10942 to the down side with a strong bullish engulfing on the 4H TF but price rejected @1.10700 forming a valid DOUBLE BUTTOM making price to reversal going long.
PREDICTION
On the 5min TF this .10942 has being broken & retested so because of the DB on the 4H, price has being made to pull back to the .10942 zone again. I will be looking to enter off this zone.
ENTRY
Fib @61.8 golden LVL drawn on the 1H TF
Price at previous structure support
Price reject on my 20 MA
I'll be looking for a bearish price action signal before executing this trade.
Currently the overall trend of EURUSD is short. From my bias price has broken @.10942 to the down side with a strong bullish engulfing on the 4H TF but price rejected @1.10700 forming a valid DOUBLE BUTTOM making price to reversal going long.
PREDICTION
On the 5min TF this .10942 has being broken & retested so because of the DB on the 4H, price has being made to pull back to the .10942 zone again. I will be looking to enter off this zone.
ENTRY
Fib @61.8 golden LVL drawn on the 1H TF
Price at previous structure support
Price reject on my 20 MA
I'll be looking for a bearish price action signal before executing this trade.
Trade active:
THE ENTRY IS SNIPER. I AM VERY DEEP IN PROFIT NOW.