UPDATE ON EUR/USD ANALYSIS
EUR/USD 4H - Back with an update for you all, as you can see the analysis I sent out on this market yesterday around 11am has played out just as we wanted it to.
I am now sitting on my hands waiting patiently for price to trade us down and into the Demand Zone below deeming us a valid entry. As you all know an entry will come from a penetration and a rejection to the upside.
The trade above is running + 56 pips. (+ 3.5%) 3.5RR
A big well done to anyone who shorted this market yesterday afternoon after the analysis that was sent out, I will be waiting now for price to trade us down and into a valid area of Demand before trading long.
We want to see that penetration, rejection to the upside and for price to deliver us with some relevant breaks to the upside suggesting the end of the correction and the start of the next impulse.
I am now sitting on my hands waiting patiently for price to trade us down and into the Demand Zone below deeming us a valid entry. As you all know an entry will come from a penetration and a rejection to the upside.
The trade above is running + 56 pips. (+ 3.5%) 3.5RR
A big well done to anyone who shorted this market yesterday afternoon after the analysis that was sent out, I will be waiting now for price to trade us down and into a valid area of Demand before trading long.
We want to see that penetration, rejection to the upside and for price to deliver us with some relevant breaks to the upside suggesting the end of the correction and the start of the next impulse.
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