EURUSDYesterdays Pattern was invalidated when the market moved lower to its current position not giving us a reason to enter the market in the PRZ, however it just proves how important it is to consider the pattern formation on the larger time frame when trading the lower ones, now we have a congruence of pattern to complement the completion of the Daily pattern making this pattern more valid and the PRZ blue box is just below the 886 level of the Daily. Again the most important part of this is observation of the PRZ, if the price gaps, or drops strongly within the PRZ this invalidates the trade.
Trade carefully and be a winner
Eurusd1hr
EURUSDThis is a potential short opportunity in the EURUSD even though the general trend in the daily is long. Those trading in 1 hour should look in this trade for a few pips gain but careful not to be too greedy due to the Larger uptrend on the daily.. Those who wants to trade this should carefully observe the PRZ as described by scott carney. The price action in the PRZ would dictate the action weather this is a valid short or not.
Trade carefully and be a winner