J_Graystone
Short

EURUSD TC Tracde 60 Min 29-10-15

FX:EURUSD   Euro Fx/U.S. Dollar
183 0 13
After yesterday, seeing a new lower low, lower close, signalling a trend continuation and there is a high expectation that we will see at least a re test of previous structure lows, if not a trend continuation.

The question is, how do we get involved?

Well we can wait for price action to push up into the "kill zone" which would be between previous structure lows and the previous retracement high/close. Then we can drill down into a lower time frame to look for further confirmation such as a double top.

Those more aggressive traders can just wait for price action to offer more than a 1:1 Risk Reward and then enter.

For those advanced pattern traders, you may want to look at a pattern completion for reasons to enter the trade but looking for the longer term move.

Definitely one to keep on the radar.

Good luck!!

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