Always wait for price action candle formation to pull the trigger.
There is a 3th reaction on the support line. Chance to go higher after overbalance brake.
Strong reaction at the support line with pinbar. Might be an up move.
Wait for test bottom line of blue support zone and go long or wait for support zone beakeout.
Overbalance sell level covers resistance level. Sell after confirmation of them.
Price on the resistance line. Sell after h1 consolidation brakeout.
Price has spend too much time on resistance line after braking overbalance. Wait for brakeout.
Double top on resistance line. OB broken twice.
EURUSD LONG H4 Overbalance + support line + Envelope line
I believe the downtrend will continue. Monday will consolidate and continue on tuesday after support brakeout.
Sell after small consolidation brakeout. Price is under resistance line after the reaction.
At the moment price is on the resline testing it for the second time after brakeout 11.01.17. Also testing a upper trend line of the down trending canal. Wait for signal to short. There is a plenty of space down there. TP1 30Fibo TP2 50 Fibo
Good opportunity to sell. Trend line is already broken. I am waiting for the retest and will sell with target 83.000. Opening gap could be a good indicator for down trend beginning.
Gap is a good indicator of possible down move. If the support will brake i will sell with target 50 Fibo. Is a good level when you look at highet TF.
This down tranding canal is a part of up trending flag correction from higher time frame. Next lower high after head and shoulders pattern will make a good opportunity to sell so wait for the reaction. First target is 0.69610
Waiting for the 3 wave after long flag correction which is already broken. New lower high will give me a signal for short position with first target 1.24000 and second target 1.22000
Possible short after this fake up breakout and nice and fast comeback to the bottom support level of consolidation. Hope to see continuation of that long downtrend which has begun couple of months ago.