Let's see how price Will react to that level, we need to see a break above that level Indicating buyers are in the market to enable us find our entry
Let see if we can get a break above that level with a retest indicating the buyer market before we can think of buying the market.
from the picture you will see the market form a channal, and inside the channal there was a structure, the market is creating a LH and LL formation... so let wait to see how price react to that level which is the 50% pullback of the inpulsive move.. before our entry method
looking at the chat,,, price has broken the trandline also broken support level at 1.58983 and pushing down to 1.52637,so am expenting a retest at 1.58983 or a break below and retest at 1.56913 before moving down to 1.52637
Looking at price action on EUR/USD, The market is making lower high and lower low.. and price has broken a level.. so I'm waiting to see price retest that level before continuation to down side..
we may see price bouncing from the 38% Fab with a double bottom which we see EU and GU droping some pips down let's keep our fingers crossed as markets closes and open next week with a lot of package lets have you opinion on this