May not be a trade for a week or 2 because it would be counter trend but here is what I'm looking for on EA.
A move back to the top of the descending channel would be ideal following the push off this double bottom.
It would give great confluence for a Sell entry as we have the bearish MS, descending channel, 61.8% fib area, weekly resistance, and that key 1.60 number.
Honestly, I fully expect to take a 500 pip trade when I enter.
A move back to the top of the descending channel would be ideal following the push off this double bottom.
It would give great confluence for a Sell entry as we have the bearish MS, descending channel, 61.8% fib area, weekly resistance, and that key 1.60 number.
Honestly, I fully expect to take a 500 pip trade when I enter.