Price is under key level 1.1484, on the chart you see that the price bounced several times from it. That's why at this moment I don't recommend to open Buy entry, Because under key level I think about Sell only.
I have 2 scenarios what to do:
- Buy if the price will break up 1.1484 and 1-hour candle will close above that key level.
- Sell near 1.1484 if there will be fake broke of 1.1484.
If be honest I prefer 1st (buy scenario) that's why I wait on confirmation.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
I have 2 scenarios what to do:
- Buy if the price will break up 1.1484 and 1-hour candle will close above that key level.
- Sell near 1.1484 if there will be fake broke of 1.1484.
If be honest I prefer 1st (buy scenario) that's why I wait on confirmation.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
Note
1st scenario: Buy if the price will break up 1.1484 and Hq will close above that level
Note
2nd scenarioPrice will make fake broke of 1.1484, 1-hour candle will close under it
Note
Price is so close to key level.I just wait on confirmation to open entry
Note
EUR/USD made a bull trapI wrote yesterday 2 scenarios on EUR/USD.
2nd worked pretty well.
Did someone open Sell??
Also, it was an example of how the trend can change. Because when price broke up that 2,5 months range I thought about the middle-term buy. Buy it looks like it was just a Bull trap.
Don't think about buy at this moment.
Note
EUR/USD moved down according to 2nd scenarioI recommend to think about sell after pullback to 1.1421 because price is totally bearish at this moment.
Price can drop down to 1.1310
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