Thought that price would reverse at Fibo 0.786 but it finally reversed at Fibo 1.618.
Fibo 1.27 holds the price strongly here. There are many times price gets stuck at 1.27.
Actually the indecision candle at 21:40 not even passed the support level. Price seemed to reverse at Fibo 0.786 level.
Price reached the day's high. The faster price moves up, the easier it reverses back down.
EURUSD was originailly in a downtrend. Althought the price failed to create a new structural low, the bearish power was still strong enough for me to take a 5min put trade.
The price did not get back to last new structural high for reversal.
This trade got me 100-pip win. Seems that after the price broke the day's high, nothing can stop it.
EURUSD just switched to a uptrend after struggling around fibo 0.382 and resistance created by previous new structural high. The price is then challenging the day's high again. PS>> Seems that the price already succeeded to break the day's high.
This trade got me 1 pip win. However, I won't consider this one as risky. Somehow the market was kind of slow during the trade.
Although the bullish power was not strong enough to create a new day's high, it was enough for me to get profit in 5 minutes.
EURAUD had been going down for a while (time more than enough for me to have my dinner ^v^). The price was the lowest of the day. So I expected bullish power would come in the market and do some pull back. Around Fibo 2 and 2.24, bullish power took over the market and brought price straight up.
The price passed through previous new structural high a bit but it was supported by the last higher low. So the trend is still valid.