EURUSD PULLBACK?
Updated
-After the huge sell off, I think it's safe to expect a pull back pretty soon.
-Price broke the previous low and has yet to pull back to test the level.
-I am expecting price to trend a little lower, ultimately created a new lower low.
-Price could possible fall to test the support level
-After the lower low is created i will look to enter a long position once a reversal candlestick formation is created (possibly a double bottom).
-I will also look for a bullish divergence on the 4h as another confirmation.
-Price broke the previous low and has yet to pull back to test the level.
-I am expecting price to trend a little lower, ultimately created a new lower low.
-Price could possible fall to test the support level
-After the lower low is created i will look to enter a long position once a reversal candlestick formation is created (possibly a double bottom).
-I will also look for a bullish divergence on the 4h as another confirmation.
Trade active
I entered a buy position at 1.8991. It appeared that price formed a higher low and i excuted a trade there. My TP1 is 1.9882 and TP 2 is 1.205, my SL is 1.8469
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