Notes to self:
Friday 6th of October news pushed price to a retest area of 1.21000 and was not able to break and close below.
There were to many buyers in that area that price got pushed to 1.22600.
This is a significant area because that was or last Lower High in the 4 hour time frame.
For the following week you should be looking for a retest between 1.21500 and 1.21800.
If you see and get that retest be on the look out for a break of structure and that will be the end of the bearish trend... for the mean time.
REMEMBER : Nothing is set in stone
Patience is key
Always set a SL and TP
Good luck buddy ;)
Friday 6th of October news pushed price to a retest area of 1.21000 and was not able to break and close below.
There were to many buyers in that area that price got pushed to 1.22600.
This is a significant area because that was or last Lower High in the 4 hour time frame.
For the following week you should be looking for a retest between 1.21500 and 1.21800.
If you see and get that retest be on the look out for a break of structure and that will be the end of the bearish trend... for the mean time.
REMEMBER : Nothing is set in stone
Patience is key
Always set a SL and TP
Good luck buddy ;)