EURUSD - 2 longs and Short scenarios - Its the big game, son

General
EURUSD price beeing rejected by that s/r level (area 1 also in confluence with the 50% Fib. I currently debating if thats the actual range. But for now i will keep it like that.



1. Long (Green arrow)

Requirements
- Price moves above area 1 and forms a swing
- Prices moves down and when passing the formed swing enter the trade

Target
Former resistance level (level 2) also the possible actual top of the range.

Invalidation
- Loss of area 1 after retake AND generating lower swings after

Stop- Loss
- Under area 1

Time duration
Days, weeks, months, years... ;)



2. Long (Yellow arrow)

Requirements
- Price falls under level 1
- Retake of level 1 and forming a swing
- Enter on break of that swing

Target
Next big s/r area and 50% Fib (area 1)

Invalidation
- Loss of level 1 and no retake

Stop- Loss
- Slightly under the swing low formed after breaking level 1

Time duration
Days, weeks, months, years... ;)




1. Short (Red arrow)

Requirements
- Price falls under level 1
- Price forms a swing low
- Enter on break of that swing

Target
Slightly above the range low

Invalidation
- Retake of level 1 after breaking under it

Stop- Loss
- Slightly above level 1

Time duration
Days, weeks, months, years... ;)


Good luck

Comment:

Price went below S/R level 1(blue line). Lets see if we see the retest and break lower (Red arrow)