If we look on 4h we see price is in consulidation zone.
Price had serval rejactions on DAILY Zone i'm expecting price to drop to around 1.15600. There as we see on green zone we had many rejactions on 4h Timeframe.
If we draw trendline from 03.01.2017 to here. We get serval bounces from it. Lets see what will happen we can catch some nice waves if price will keep consulidate.
R:R = 1:2,5
Price had serval rejactions on DAILY Zone i'm expecting price to drop to around 1.15600. There as we see on green zone we had many rejactions on 4h Timeframe.
If we draw trendline from 03.01.2017 to here. We get serval bounces from it. Lets see what will happen we can catch some nice waves if price will keep consulidate.
R:R = 1:2,5
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Like we said we had nice bounce of trendline and good 170pips move to the next upper trendline. Signal is not valid anymore
