EU | Afterglow | Price will tell.

FX:EURUSD   Euro / U.S. Dollar
Hello! Personally this week so far has gave me wonderful earnings from EU, so hopefully I don't give them back?
This is one interesting moment!

First of all Let's start with Current Price Phase Gate which is 1.1130, it is a monthly decision point, and price tends to reach this point every month. This relates to Price Phase, so I make another Idea when gate is triggered regarding Price Phase Theory.

Let's start with current day.
We could try and open sell here because of MHI being right on Close Price, plus that we have a buy signal on 1.1150 that is providing some resistance, since it has to be broken for target to be met, as well Reversal from wave 5.

If price decides to move up, I add another sell from 1.1177, because of Buy signal completing and price being right on TIS.

When I flip to Buy? If price goes down to 1.1118 from now on! Right now without reaching TIS @ 1.1177
Because of today's MS             and Monthly MHI being there, which works as an instant BUY pivot .

Anyway remember market goes where it wants to go, we can risk reasonably. Let's see how this works out during the day.

Comment: If you are interested in this one, give it a like and comment!
Trade active: Holding the sell from MHI area!
I will try and go long from 1.1119 With stops 1.1106
Comment: Trade Closed at 1.1130!
Be careful!
sell the continuation
TheZabisyu CJ_pips
Yes, my Bias is sell too, but have to check levels. And try and sell from the TOP.
I'm trying to follow along but its a bit confusing. So, if the price breaks 1.1177, what do you do? I understand you dont take losses so do you just add long positions if you think sentiment has turned?
Paradigma's chart shows he'll move to Short if chart breaks out from 1.1177 and vice versa. Given situation, we'll have to wait longer to find out. I hope you understand this comment.
Okay, I make it clear! If price goes up now to 1.1177, I have sell waiting there, that would be the best case! With stops approx 20 pips.
If price goes down from now, I would try and go long from 1.1118-19.
So let;s wait and see what's happening.
suttos TheZabisyu
ok thanks. I was confused because i thought you didn't use stops.
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