For my previous post and context see below:
In the beginning of next week I'll be looking for a break out for the EURUSD. By means of the Green and Red arrows I tried to show my ideal scenario where we will see a test of the previous high on the 4 chart first after the anticipated break. Don't forget this high is a significant level that came in place after the high volume around the ECB press conference last month.
Therefore I like to see a consolidation/correction from that level. Once that consolidation/correction is over I will be looking to buy again for the next leg higher towards the Fibonacci confluence zone around psychological level 13.
www.timstuyts.com
facebook/timstuyts/
In the beginning of next week I'll be looking for a break out for the EURUSD. By means of the Green and Red arrows I tried to show my ideal scenario where we will see a test of the previous high on the 4 chart first after the anticipated break. Don't forget this high is a significant level that came in place after the high volume around the ECB press conference last month.
Therefore I like to see a consolidation/correction from that level. Once that consolidation/correction is over I will be looking to buy again for the next leg higher towards the Fibonacci confluence zone around psychological level 13.
www.timstuyts.com
facebook/timstuyts/
