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EurUsd (h1) Scenario 2 detailed

FX:EURUSD   Euro Fx/U.S. Dollar
A detailed description od scenario 2 (rejection)

If the former Fair value @0869ish gets rejected due to a lack of demand ie. no one is
following price any higher , and we make a series of lower highs ie. former fair value is now considered unfair high
we might head down to test A) the lower channel line and /or B) the fair value of the recent level where price found balance @073ish ,aswell as we have a potential upward trendchannel in place (which btw. is nothing but a tilted trading range with in this case rising demand) we do have the limits of overbought and oversold lines and a middlepoint (fair value which rises) the MP             aswell did got tested and rejected which ads to weakness.

Scenario:
play a rejection of MP             and former fair value
testing lower channel line / fair value

Why:
If price tests a former fair value but gets rejected due to a lck of trading going on we have
an auction market theory which states lack of trading interrest will propell price to a level
where most traders agree on price again, in this case demand steps up and that demand can/could be found
at the former fair value and or the lower channel line, so basically price is advertising itself all the time in order to fasciliate a trade and if those trades cant be generated any higher it will go down ;) to attract buyers and new trading interrest

Plan:
any lower high can be used as an entry (sell stop)
with a hard stop @1.0935 tighter stops should be used @lower TFs
target 1 @077ish
target 2 @073ish

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