EU short term long.. Bigger picture still looking for a sell

6 Jan 2020

The higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line.

There is however potential for a short term long.

Ideally we get another hour of impulsive price action then form a clean counter trend move which will be our entry.

As we know the market can be unpredictable So if this long set ups i will take it even though i am forecasting the bigger picture short because as we know the market can be un predictable and this could still break out of the structure and continue higher in which case we will be banking even more % then originally forecast.

7 Jan 2020

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