EUR/USD, Trading Plan.

Price is under key level 1.1484, on the chart you see that the price bounced several times from it. That's why at this moment I don't recommend to open Buy entry, Because under key level I think about Sell only.

I have 2 scenarios what to do:

- Buy if the price will break up 1.1484 and 1-hour candle will close above that key level.
- Sell near 1.1484 if there will be fake broke of 1.1484.

If be honest I prefer 1st (buy scenario) that's why I wait on confirmation.

After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.

Commentaire:

1st scenario:
Buy if the price will break up 1.1484 and Hq will close above that level

Commentaire:

2nd scenario

Price will make fake broke of 1.1484, 1-hour candle will close under it

Commentaire:

Price is so close to key level.
I just wait on confirmation to open entry

Commentaire:

EUR/USD made a bull trap

I wrote yesterday 2 scenarios on EUR/USD.
2nd worked pretty well.

Did someone open Sell??

Also, it was an example of how the trend can change. Because when price broke up that 2,5 months range I thought about the middle-term buy. Buy it looks like it was just a Bull trap.

Don't think about buy at this moment.

Commentaire:

EUR/USD moved down according to 2nd scenario

I recommend to think about sell after pullback to 1.1421 because price is totally bearish at this moment.

Price can drop down to 1.1310