EUR/USD now its a time tussle between bulls and bears.
Two cases in case of EUR/USD
CASE 1: Since Accumulation on 4H and very strong support level at 1.12221, wait for the conformation on 4H, if the candle closes as a bull closing above the level of 1.12221 structure formed inverted head and shoulder as shown in picture on 4H time frame..since this is a structure based entry take a buy if the above conditions satisfies SL at 1.12184 TP at 1.13317 Risk to Reward 1:4..
CASE 2: if the bear candle is formed on 4H TIME FRAME at our major level of below 1.12221 you can take a sell indicating a breakout of the previous level of structure could be a strong downtrend...but immediately dont take sell wait to conform by retesting it at the level close to 1.12221 near the zone, then you can proceed with sell as shown in the picture...SL AND TP COULD BE AT 1.12491 AND 1.10289 RESPECTIVELY...
BE PATIENT AS THERE IS TUSSLE TIME BETWEEN BULLS AND BEAR NOW ON EURUSD..
CASE 1: Since Accumulation on 4H and very strong support level at 1.12221, wait for the conformation on 4H, if the candle closes as a bull closing above the level of 1.12221 structure formed inverted head and shoulder as shown in picture on 4H time frame..since this is a structure based entry take a buy if the above conditions satisfies SL at 1.12184 TP at 1.13317 Risk to Reward 1:4..
CASE 2: if the bear candle is formed on 4H TIME FRAME at our major level of below 1.12221 you can take a sell indicating a breakout of the previous level of structure could be a strong downtrend...but immediately dont take sell wait to conform by retesting it at the level close to 1.12221 near the zone, then you can proceed with sell as shown in the picture...SL AND TP COULD BE AT 1.12491 AND 1.10289 RESPECTIVELY...
BE PATIENT AS THERE IS TUSSLE TIME BETWEEN BULLS AND BEAR NOW ON EURUSD..