EUR/USD can make a PullBeak down
Updated
EUR/USD made 2 waves up from 1.1520 to 1.1826.
From this moment price can make a retest of Key Buy Level 1.1520. I opened Sell position at 1.1822 with goal 1.1621.
You can do the same, because in most situations price make a retest of key levels, before it turn middle — term trend.
Everything will change if price break up 1.1826 and H1 close upper it. That would be a signal for long till 1.1988 or 1.2140
THE BEST OPTION FOR OPEN POSITION WILL BE AFTER Pullback TO KEY BUY LEVEL 1.1520
From this moment price can make a retest of Key Buy Level 1.1520. I opened Sell position at 1.1822 with goal 1.1621.
You can do the same, because in most situations price make a retest of key levels, before it turn middle — term trend.
Everything will change if price break up 1.1826 and H1 close upper it. That would be a signal for long till 1.1988 or 1.2140
THE BEST OPTION FOR OPEN POSITION WILL BE AFTER Pullback TO KEY BUY LEVEL 1.1520
Note
*Take a look on H4 chart, currency rate bounced from level which price touched several times.* That shows, that big players want to buy. You need to know if Market Maker hold position it protects it from dangerous moving. That why key levels work on FX market and price mostly bounced from them. I close my Sell.We can open safe buy in 2 situations:
1. Price will make a pull Beak to 1.1750. S/L in that case will be under 1.1720.
2. Price will break Up key level 1.1839 and H1 close upper it. For this situation the best S/L will be under 1.1829.
Goal for both Scenario is: 1.1990
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