The Daily chart shows us an up trend. Based on that the last down movement will be considered a correction and we are waiting for a H1 pullback to enter.
There is a change of momentum on daily that shows us this pair should make a down trend. We are going further on H1 and we enter with the new impulse after retesting an important level. The stop loss will be above the neutral structure that was broken and now gave us a clear direction.
FX:EURUSD
On the daily chart the price tested Fibonacci Retracement's 61.8 level.
Furthermore on the 4hr chart we see a break of momentum and we will wait on H1 to enter the trade.
FX:EURUSD
Daily chart shows us a break of a down trend and a retest of 61.8.
We will go down on the 4hr chart and we see a break of momentum. Based on that we will enter in the trade after a confirmation on H1.
