PLEASE DO OWN ANALYSIS FOR MORE CONFIRMATION BEFORE ENTERING TRADE
• Elliot wave formed on 1Hr timeframe • Price overbought on 30m to 4Hr timeframes
Fake breakout spotted on 4h timeframe at resistance. Expect price to go down to a retest of support.
MONDAY HIGHS AND LOWS STRATEGY (80% PROFITABLE) RSI DIVERGENCE ON 4HR (THOUGH NOT ILLUSTRATED) IMPULSIVE WAVE MOVE COMPLETED. AND 'W' PATTERN USED FOR IDENTIFYING TARGET I GUESS.
EUR/USD LEVELS HEAD AND SHOULDER STRATEGY USING HIGHS AND LOWS OF PREVIOUS MONDAY AS A LEFT SHOULDER.