lOOKING FOR AN ENTRY AROUND PRE LONDON. EUR FLASH NEWS FOR MANUFACTURING & SERVICES COME OUT AT BETWEEN 3:15-4AM EST WOULD BE A PERFECT EXCUSE TO MOVE THE MARKET... IN ADDITION USD UNEMPLOYMENT CLAIMS RELEASE TOMORROW AROUND NY EXPECTING THAT TO PUSH THE DXY LOWER
DEPENDS WHAT DXY DOES BUT WE'LL SEE
FINDING HOW MANY PIPS YOU'RE WILLING TO RISK AND ON AVERAGE LONG A TRADE RUNS TILL YOU HIT TAKE PROFIT IN ORDER TO FIND A COMFORTABLE RISK TO REWARD TO
Top-down Analysis respects weekly support, respects a 4-hour trendline, while on the hour Fibonacci retracement visits the .618 area showing a good sign of reversal. On the 15 minute chart we see a bullish candle engulfing a bearish candle leading us to believe that price is headed upwards.