EURUSD 4 Hour Analysis
Scenario 1:
We Expect Price to travel up till 1.2100 - [TP1] ( which is a 618 rejection in Daily Time Frame ) and then retrace back to 1.2000 before it makes the further move.
After retracement @ 1.2000 look for Candle Stick Patterns with MA crossovers to Enter Again (BUY) to Travel 1.2250 zone (Quarter Level)
Scenario 2:
If the price goes below 1.2000, wait it form LL & LH and then enter with TP1 @ 1.1850 and TP2 @ 1.1700
We Expect Price to travel up till 1.2100 - [TP1] ( which is a 618 rejection in Daily Time Frame ) and then retrace back to 1.2000 before it makes the further move.
After retracement @ 1.2000 look for Candle Stick Patterns with MA crossovers to Enter Again (BUY) to Travel 1.2250 zone (Quarter Level)
Scenario 2:
If the price goes below 1.2000, wait it form LL & LH and then enter with TP1 @ 1.1850 and TP2 @ 1.1700
Penafian
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