EURUSD, 4 Hour Timeframe Indicates A Double Top Which Indicates A Possible Change Of Trend. -- With The New Adjusting Fibs Place At The Top Of The Second TOP What I'm Looking For To Enter A Short Position Is For A 240 Candle Close Below 23.6%. As you can see currently price is holding that level as support
- I Will be Aiming For A Long Term Drop Around 1.10675 however i've noticed A Double Support Trend-line Confluences with may indicate a strong barrier to break.
IF Price Gets To That Level I Will Ensure My Stop LOSS is At Breakeven.
& I Will Add A Second Position if Price Breaks 1.11916
Kommentar
⋅
Support Area Which I Needed To Break To Enter Looked To Hold Weight AS Price Has Now Bounced 30pips UPWARDS!, Key Is To Stay Patience And Wait For A Possible Break!
Kommentare
Lay-Z
⋅
Well That Escalated Quickly :DD
Lay-Z
⋅
AFTERMATH! Structure ;)
Lay-Z
⋅
Re-view On EURUSD, Clearly Failed To Break Support Which I Was Patiently Waiting For And Excel Another 50Pips Upwards, Could Possibly Re-Test Previous Structure However With Yellen About To Speak We Will See How The Market Plays Out