Reasoning: - Trendline Bounce - 0,618/0,764 Fib Level Rejection - H4 Pinbar
Only Trade one EUR Pair or share your risk between Trades at correlated Pairs to not override your total risk.
similar to the AUDUSD (see related Ideas) regards Parker
AUDUSD finally breaks out of the Correction at the daily Trendline. I wait for a Retracment or Correction on smaller Timeframe to go Short. regards Parker
see Chart
Impuls up - Correction - Impuls Up MACD 4H Divergence: and 38.2% Fib Retracment on daily Chart:
USDJPY bounced on the weekly Trendline: Impuls up - Correction on 60 min Chart - and I watch closely if it is about to Break Upwards.
see Chart I have no Bias. AUDUSD goes maybe UP - AUDJPY looks like it goes DOWN. Structure will give me the Direction when it comes to the next Impuls.
If this correction will Break - I wait for a Correction on lower Timeframe und would go short with break if it.
Impuls up from the daily Trendline - 1H Correction - and Break of it. I reduced my risk, because the 4h Down -Trendline was not broken till now.
Short Term Down-Trendline was broken. Waiting for Break of Correction.
EURJPY is in a 4 Hour Triangle. I wait for the Break of the correction to trade it down to the Bottom.