About meI started trading 7 years ago, was born 1995, learned everything by my own and experienced a lot of losses but never made the same mistake twice, I kept moving forward through a lot of losses until consistent profits became a reality.
its all about knowing the direction I have a short bias on this pair according to higher time frames but waiting for the price to reach where i can get a good RR ratio, you can enter at this price for a 1 to 1 RR ratio tp on 27% Fib ratio but its better to just for for the sell limit to get activated as we have missed on the first wave
before reaching the grey Areas or breaking the trend lines there is no possible short entry as euro is getting stronger as a currency it self too, its quite risky to enter without confirmation but as the ladder shows, we are clearly seeing weakness in the on going uptrend
this formation is quite rare but Im always looking for it in any chart or time frame, do not take it blindly wait for a break out formation or confirmations such as rejection or retest of broken trend line or dievergences for now im still waiting too what is going to happen
i call it the cross formation that you can see on the chart it has a very high probability since it forms in a trending market so i expect the price keep changing trend to upside and downside until we get to range and correction conditions