FinancialSynthesis

EURUSD creating higher low

FX:EURUSD   Euro / U.S. Dollar
EURUSD impulsively made a move up, rejecting off of a strong zone of resistance. Now it's selling to create a higher low, perfect time to monitor candlestick patterns and practice patience for the 50% or more pull back. Ideally this would occur and form a morning star indicating bullish pressure. Other patterns include but are not limited to bullish engulfing, double bottom, inverse head and shoulders, ascending triangle, etc. Mark the fib too, we see price approaching the 88 reflecting that we should still be patient and see if price wants to break or respect that level. At this time, the ball is in the market's court, it stays that way until we enter the trade and are deep in profit. If you can see what the market is telling you, there's no need to be emotional or wonder what's going to happen. Trust the trade/analysis and follow market structure. It's that simple.
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