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UnknownUnicorn5483216
Jan 31, 2021 6:41 PM

EURUSD WC 1.2.21 

Euro Fx/U.S. DollarFXCM

Description

Similar to AUDUSD

Identify
Market is in strong bullish trend
Weekly, Bullish
Daily - Bullish
20MA above 50MA showing bull signals

Predict
Would expect to see a continuation to the downside into zone of support drawn

Decide
If price reaches area of support, then look of reversal candle signals
If price reaches area of support and breaks through to violate, then wait for a retracement with further indication of a move to the downside

Execute
Enter new bar market after candle shows a strong bullish reversal candle - Hammer/3 bar reversal
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