EURUSD Short Term Picking Bottom
Structure: Downtrend
Moving Average: Downtrend
Trendline: Broken Short Term Downtrend Line, but Daily TF Downtrend Line holds
Pattern: Breakout of 1.08 Triple Top Resistance
Trigger: Large Bullish Candle shoots up
Resistance: 1.0890 - 1.09
Support: 1.08 - 1.0820, 1.0780
Wait for 1H candle retraces to 1.0815 previous top resistance, closed with rejection to go lower is required
Entry area: 1.08 - 1.0815
SL: 1.0775
1st Target: 1.0860
2nd Target: 1.0890
Rmb the Daily Trend is still down, being conservative to half position size or wait for 1.0890 shorting opportunity
Moving Average: Downtrend
Trendline: Broken Short Term Downtrend Line, but Daily TF Downtrend Line holds
Pattern: Breakout of 1.08 Triple Top Resistance
Trigger: Large Bullish Candle shoots up
Resistance: 1.0890 - 1.09
Support: 1.08 - 1.0820, 1.0780
Wait for 1H candle retraces to 1.0815 previous top resistance, closed with rejection to go lower is required
Entry area: 1.08 - 1.0815
SL: 1.0775
1st Target: 1.0860
2nd Target: 1.0890
Rmb the Daily Trend is still down, being conservative to half position size or wait for 1.0890 shorting opportunity
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