EURUSD : Selling On Retracement
EURUSD – SPOT: Selling On Retracement & After Price Action Signal
Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved briefly higher from the prior Bullish Pin Bar Signal that had formed on Thursday, Sep 29th (We did not consider trading this signal, nor did we mention it).
The recent Bearish Inside Bar + Pin Bar (Combo Setup) that had formed early last week, failed (We did not consider trading this setup).
Potential Trade idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 1.0051 – 1.0198 short-term resistance area, which concedes with the recent Bearish Pin Bar Signal that had formed on Monday, Sep 12th (Currently Active).
Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved briefly higher from the prior Bullish Pin Bar Signal that had formed on Thursday, Sep 29th (We did not consider trading this signal, nor did we mention it).
The recent Bearish Inside Bar + Pin Bar (Combo Setup) that had formed early last week, failed (We did not consider trading this setup).
Potential Trade idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 1.0051 – 1.0198 short-term resistance area, which concedes with the recent Bearish Pin Bar Signal that had formed on Monday, Sep 12th (Currently Active).
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