Recap:
EURUSD
flew downstairs Earlier this week!! but then spent most of its time ranging and retracing. We should expect a strong pull down.
Strategy:
Red:If price does not provide a trade setup in the retrace zone. Then I will wait till it breaks the current LL and look for a retrace or new structure to enter with a continuation pattern(Bearish engulfing or evening star)
Blue: If price decides to break bearish movement and break LH. Then I will be looking for Buys. Obviously with a retest or continuation pattern. Such as bullish
engulfing or Morning star.
White: Currently price is at a retest level from previous LL. It seems price is likely to range at this level. Hopefully price can provided a continuation pattern for me to enter(Bearish engulfing, Evening star)
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy and trust yourself
EURUSD
flew downstairs Earlier this week!! but then spent most of its time ranging and retracing. We should expect a strong pull down. Strategy:
Red:If price does not provide a trade setup in the retrace zone. Then I will wait till it breaks the current LL and look for a retrace or new structure to enter with a continuation pattern(Bearish engulfing or evening star)
Blue: If price decides to break bearish movement and break LH. Then I will be looking for Buys. Obviously with a retest or continuation pattern. Such as bullish
engulfing or Morning star.
White: Currently price is at a retest level from previous LL. It seems price is likely to range at this level. Hopefully price can provided a continuation pattern for me to enter(Bearish engulfing, Evening star)
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy and trust yourself