Look for the possible Price Action form 61.8 Fib or 4H Imbalance to be filled after the correction
These hurts Missed my Sell Limit pending order by 2 Pips. Happens as it is the part of this business. The good thing is the analysis was Excellent on the entry candle.
Lets see if the 1H structure shifts for a possible sells on this pair
Waiting for a corrective retest of the range box for further buys
2 possibilities but still bearish Bias
Looking at the Dollar Index we can see a Double bottom and an Ascending Triangle formation on the neckline to break the barrier for the dollar to strengthen. Ascending Triangle is a continuation Price Action pattern So we can see the Dollar strengthening against all the Major FX pair. Watch out for that move.
An inverse Head & Shoulder have been formed and a possible long entries await on Neckline Retest
Wait for the correction to happen
The 4H Imbalance have reacted and now just waiting for the Daily structure shift to confirm the sells on the retest pullback strategy
Wait for the 4H structure shift for possible buys as the prices are still with in the ranging box
Wait for the 4H structure shift to confirm sells
For scalpers a 1H sniper entry will be an easy catch to jump in the move earlier. 1H structure break-retest and enter
Wait for the Equal Highs to be taken off first for a nice Short pullback
Symmetrical Triangle Formation. Either Side break out can give a direction to the pair move