What a trade looks like from a higher time frame. EU has now come to a nice daily support and from Friday's close we could see a retracement off that level.
That along side the fact we have a severely oversold pair according to the stochastic gives us the confidence that the pair should continue up. Only a short term trade here targeting the last prior high like we have marked out.
We can all see that there is an obvious bearish trend line in here as well so this is something to keep our eye on as well.
We need to wait for London open on this before getting in as the market will seek liquidity before moving so be patient... 2.74% RR on this setup here.
Any help needed. Drop me a comment let's give you some help!
That along side the fact we have a severely oversold pair according to the stochastic gives us the confidence that the pair should continue up. Only a short term trade here targeting the last prior high like we have marked out.
We can all see that there is an obvious bearish trend line in here as well so this is something to keep our eye on as well.
We need to wait for London open on this before getting in as the market will seek liquidity before moving so be patient... 2.74% RR on this setup here.
Any help needed. Drop me a comment let's give you some help!