First is this potentially forming on the H1. This pair has been consolidating since the Brexit vote results release, and price is now back at previous resistance on the daily and is forming a potential on the H1.
is massively oversold on the first test and price is retracing at the moment. What I will be looking for :
- retest of 1,3365-1,3355 area
- Pinbar/doji or LLLC candle on the retest to enter
Pattern will invalid if price close above 1,3365 (high of first test)
Entered at market with a little better entry price than pinbar candle close. Now let's wait and see how this goes !
Got to stick to the plan and rules !