I'm placing stop orders below, in anticipation of a push down. I will scalp 7-8 pips today.
The previous trade was cancelled because the price made a new higher high. Now, i will like to sell the EURUSD below this H1 bullish candle and resistance level .
My sell stops will sit there. First, the price needs to find resistance (create bearish candles). Safe trading.
Let's look for sells below tonights support level, i will secure 8 pips.
I will be looking for a short below tonights support level.
The price is in a bearish trend (daily bias). Now, we need a retracement back to the H4 broken level (red zone) or any resistance being formed next if we are going to continue this bearish trend. Safe trading, its Friday!
The price is in a daily consolidation now (red zones). I'll consider a trade after a proper break of this zone. Trade Safe.
Price is going to complete an Expanded Corrective Structure, this pattern formation can bring bearish pressure after the completion.
I'm expecting further bearish continuation. We can consider the corrective structure with 5 legs (abcde) in H4 time frame.
The price is bouncing off an ascending trend line , However, the NY session is coming soon and we have this Expanded Corrective Structure (continuation pattern) that could trigger the bearish continuation and break this ascending trend line .