jotamaktub

jotamaktub

The price is catching its breath after its big rally. It's respecting the support and the 78% fib level.

jotamaktub

The price is catching its breath after its big rise. It's respecting the support and the 61% fib level.

jotamaktub

Although the price is in a visible consolidation, it seems that it is respecting the 61% fib level, and the support zone. So if we wait for an entry trigger, we might go for a long term entry.

jotamaktub

The EURUSD market showed some lower highs, which indicates that it will make a pullback, or change tendency. If the price gets here, we'll have 6 confluences to make a short term entry: 61% fib, trendline cross, resistance zone, long trendline retest, short trendline retest and possible RSI exaustion.

jotamaktub

Price could breakout the support zone, retest it and continue its downtrend.

jotamaktub

The price could breakout the resistance and the descending trendline, retest them and go up, or make a pullback, retest and go down. We need to wait for those confirmations.

jotamaktub

Confluences: 61% fib retest, support, trendline, RSI Entry trigger: 15 MIN sniper entry (bullish engulfing)