If we see this candel close above the trend line coudl see more upside
we have had our double top and impulse leg down breaking structure. Waiting for the outside return to the 618 level before seeing a drop to the downside order in place for entry 1.30400
As we can see we have already had a 2618 trade set up occur, I missed this so will not enter until we reach the 618 retracement of teh double bottom set up 'IF' we come back up to the 618 area of the 1st setup first, then I will look for opportunites to get short
+++ Don't forget to LIKE & Follow+++Here are my thoughts about EURUSD on 4H. Price failed to make a higher high higher close above previous minor structure(red line) and if you drop 1 time frame lower you will see a Double Top with RSI being OB on the right Top + bearish divergence - nice trading opportunity for shorting EURUSD. If price goes higher you can take...
I say Possible as over the last week or so on several occasions I felt we were formign a double bottom only to push futher lower. Yesterdays cande does have a longer wick which rejected a close lower so wills ee if we see a push higher.