Long leg started to move on the EUR/USD pair. We have confluences on different TF's.
- W & D exhausted run. - D low broken and closed higher. - 4H 3pin pattern entry above previous day low. TP: previous structure SL: 10pips below low
- Weekly LH (trend is down) - Daily breaks the high and closes below - 4H entry on the 3pin and close below previous D high. 10 pips above high SL 61.8% of last weekly pb TP
Personal journal of before and after. If there are any Q's, I will answer them and share my view on it.
Personal journal: before and after. I was a little late to post this one in time, however price has been moving sideways.
This pair went up for a long time and now we are seeing some deceleration this tells me that a pullback might be coming. -> We formed a double top -> We formed a triangle (consolidation pattern) When u spot those things, just wait for the market to prove itself. During the Asian and early London session, this pair broke to the downside which tells me that I...