Nothing to say do money management are you agree with me ?
Possible scenario for EURUSD after forming e wave if price closed above 0-B trend line i will go long If this scenario happen I will update this post to and give you possible targets of fifth wave
With good entry now we have risk free position move sl to entry point watch neckline if it break hold your position for classic target if price bounce from neckline close your position
go short reason : regular divergence between left shoulder and head regular divergence in right shoulder in smaller time frame short term trend line broken stop and reverse : above right shoulder don`t wait for closed below neckline that give you huge sl
We can see hidden divergence on MACD on 4H trend line and 1H bearish trend line was broken
It seems end of uptrend Reasons : 1-closed below the trend line and pullback 2- divergence between MACD and price
as we can see trend line was broken in 30min and possible Andrews pitchfork can help us to putting right target if price break miner bottom in 30min I`ll go short
near strong resistant and VWAP line we can see divergence between price and momentum
as we can see divergence formed perfectly wait for breaking lower high in smaller time frame
near strong support and pitchfork quarter line we can see lack of energy Waite for retest if price break this level do nothing
Watch out channel breakout possible +Hd on MACD on the trend line
if price break the channel i will go long we can see divergence between price and momentum (MACD ) & decrease volatility (ATR) on the Andrews pitchfork quarter line