EURAUD
1-Downtrend on daily or whatever timeframe
2-Lots of liquidity to clean below 1.56254
3-Price failed to swep the liquidity and tried
to form a recover uptrend to make everyone think that we will have a change of trend
then dropped down and decided to make the last attempt to recover before dropping
all the way down.
4-POI candle ( 3hr tm ) at 1.5700 which is a round number as well
5- 88.60 fib level
6- Im going to check the price action
on the small timeframe to decide if im gonna
snipe my entry or wait for a possible fakeout since it is the last recover for euro
before dropping down
2-Lots of liquidity to clean below 1.56254
3-Price failed to swep the liquidity and tried
to form a recover uptrend to make everyone think that we will have a change of trend
then dropped down and decided to make the last attempt to recover before dropping
all the way down.
4-POI candle ( 3hr tm ) at 1.5700 which is a round number as well
5- 88.60 fib level
6- Im going to check the price action
on the small timeframe to decide if im gonna
snipe my entry or wait for a possible fakeout since it is the last recover for euro
before dropping down
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