Planning to buy at demand area...Break out happened with good momentum and price making HH and HL,Currently Bulls are in control...
If price retrace to 1.4260 - 1.4235 ,good for buy...Higher Tf still bullish..
Price rejected 1.3000 area twice and formed another pin bar with the 20EMA Dynamic support.Will Buy once the price break pin bar high...
Planning to enter the trade in both ways......trade cancelled
Today market is waiting for NFP announcement..If price Retrace to 1.2980 area I will look for sell signals but that will be according to market conditions....Technically 1.2980 area is good place for short,resistance+20EMA+trend line,let us see...didn't get a sell signal..Trade cancelled.
When we check H4 Tf ,we can see that EURGBP stuck in a range.While checking 1H Tf we can feel sellers power ,form of Bearish momentum bar that brake previous support.So I am planning to enter short around 0.8550 area....
Looking for short near 1.3000 area.Yesterday daily candle formed as Bearish engulfing.Normally 70-80% of time we will get a breakout pull back entry for engulfing candles.Here H4 TF we can see break out happened at 1.3000 round number now waiting for pull back towards the round number, 20 EMA also acting as dynamic resistance.
Look for short on lower Tf based on H4 Trend line + supply price rejection
Look for bearish price action at 1.3200 area ...... Trade cancelled