Now that the Euro has broken and closed above the previous it’s time to redo that IPDE process and prepared for the next move. Our next structure level starts around the 1.1360’s area which would also line up with a pattern completion here on the daily. I’m not a trader, but this information will be useful for building a CTS score as I do analysis on the lower timeframes. One thing to be careful with is the higher level of structure looking left. In my experience I’ve noticed that when two levels of structure are close to eachother, the higher one is typically tested. Something to keep in mind when placing those stop losses.
In the mean time, there are two ways that price action can reach that level, it can either go directly there, or we may see a pullback into previous resistance which should now act as support
Because I didn’t have the chance to record a Weekend Review video last night I’m going to do another Live Google Hangout for the first 20 minute so of today’s Live Trading Room. Here’s the link if you want to join. And make sure you subscribe to my channel.
Click here to join the hangout https://www.youtube.com/watch?v=HGvRDpn8HHE
Chief Currency Analysis at Trade Empowered
Click here for 20+ hours of FREE Training
Click the link below to subscribe for more FOREX TRADING videos
Instagram - https://goo.gl/XdmyeF
YouTube - https://goo.gl/Zjtq4R
Twitter - https://goo.gl/bwSaQa
for this pair smart move is folowing to main trand watch price action whats gona do on bull trend if gets low lose power buy it keep it over 40 minute and close position having with 500 pip minumum. break even u can make it over 200 pip in sort term to foloowing price.