hello to everyone
as you can see the downtrend line broke early this morning, but as I'm always cautious of false break out I slept on the market till the price break the 78%-88% zone. EUR/USD just broke through that Zone too. obviously there is no downtrend in 4h chart and we have to see is the price tend to go upward or choose consolidation at this point.
the price soon will try to go back to the sword Zone and when it does we can wait for a long position signal to invest in the chart. the two things you have to consider in your mind is that 1- the market hasn't showed us it's intentions in which pass gonna choose (uptrend or consolidation) 2-based on 1 I strongly suggest you consider the market consolidation until it shows us otherwise and put your TP exactly on the previous high that the market is currently trying to achieve.
wish you great wisdom
sina janati
as you can see the downtrend line broke early this morning, but as I'm always cautious of false break out I slept on the market till the price break the 78%-88% zone. EUR/USD just broke through that Zone too. obviously there is no downtrend in 4h chart and we have to see is the price tend to go upward or choose consolidation at this point.
the price soon will try to go back to the sword Zone and when it does we can wait for a long position signal to invest in the chart. the two things you have to consider in your mind is that 1- the market hasn't showed us it's intentions in which pass gonna choose (uptrend or consolidation) 2-based on 1 I strongly suggest you consider the market consolidation until it shows us otherwise and put your TP exactly on the previous high that the market is currently trying to achieve.
wish you great wisdom
sina janati
