Price seems testing 1.350 major level which also corresponds to our point A of broken trendline.
On lower timeframes price is creating rejection candlesticks and yesterday also made a new HL indicating a change in market structure and a possible formation of trendline.
I wait for a cross of moving averages (EMA 8 and EMA 14) and a formation of a new HL before entering a long trade.
We also should consider a break of 1.350 key level due to brexit news.
In this case our bias will be bearish aming point B of the broken trendline as TP.
In the last idea we were short but a change of the market structure led us to close the trade.
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On lower timeframes price is creating rejection candlesticks and yesterday also made a new HL indicating a change in market structure and a possible formation of trendline.
I wait for a cross of moving averages (EMA 8 and EMA 14) and a formation of a new HL before entering a long trade.
We also should consider a break of 1.350 key level due to brexit news.
In this case our bias will be bearish aming point B of the broken trendline as TP.
In the last idea we were short but a change of the market structure led us to close the trade.
Like and subscribe for more!
Komen:
Price opened with a gap and reached point B of trendline as supposed!
