WolfofElCerrito

EUR/USD SCALP IDEA "NEUTRAL' 'IF' 'THEN'

FX:EURUSD   Euro/U.S. Dollar
EVENT RISK!

*SCALP STRATEGY FOR EUR/USD             BEFORE CONSUMER PRICE INDEX*

'IF LONG'

- needs to brake resistance at 1.1045 for a possible long
- T/P 1.805 ( Resistance Level )
- However will pull out if price action dictates consolidation or uncertainty.
- Watch if price stays within the turquoise consolidation zone
- Look for strong candlesticks

'IF SHORT'

- needs to brake support at 1.1020
- T/P 1.09796 ( Support Level )
- However will pull out if price action dictates consolidation or uncertainty.
- Watch if price stays within the turquoise consolidation zone
- Look for strong candlesticks

' Graph Notes '

Purple = Trend continuation line, ( if long watch for brake )
Turquoise = Consolidation zone
Grey - Minor resistance/support levels
Green = Major resistance/support levels

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