Looking at EURUSD on the Daily Timeframe. let's see if it makes a retracement to 70.5-78.6 fib and then make a fourth tap on the Down Trend.
Once it reaches the downtrend we'll wait for confirmations before entering.
-Daily candle closure rejecting the Trendline.
-4HR candle finished outside of the Micro uptrend if there is one.
-Target previous Daily low (100-160pips)
Once it reaches the downtrend we'll wait for confirmations before entering.
-Daily candle closure rejecting the Trendline.
-4HR candle finished outside of the Micro uptrend if there is one.
-Target previous Daily low (100-160pips)
Trade active
+40 pips up, You can look to enter after a break and retest. Example :
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.