EU pushed heavily during this week. Price kicked through several 4H key levels and stalled at Weekly/Daily key level above, failing to continue its push.
4h forms clear patterns of higher high - lower high. Price stands now at higher high, and a retest would be expected to a) form a lower high and b) seek possible support zone.
Ideally, support zone exists in the lower (and previous) daily key level.
Expecting a retest towards lower Daily key level at 50 - 61.8 4H fibonacci zone.
+ 100 pips. Entry on 15 min with traditional break - and - retest method.
4h forms clear patterns of higher high - lower high. Price stands now at higher high, and a retest would be expected to a) form a lower high and b) seek possible support zone.
Ideally, support zone exists in the lower (and previous) daily key level.
Expecting a retest towards lower Daily key level at 50 - 61.8 4H fibonacci zone.
+ 100 pips. Entry on 15 min with traditional break - and - retest method.