Trade plan 12 September 2016
-Daily chart
Price Action
Price is currently bounced of monthly pivot (MM3) entering a high reversal zone with a possibility of completing a harmonic patten
Stochastic is currently just above the 50% line heading to oversold
Market
The 55 and 21 Moving average currently indicates a sideways but bullish market

-H4 chart
Price Action
Price price bounced off the 78.6 fibzone currently forming lower lows
Stochastic is heading is at oversold zone
Market
Price broke through dynamic support (21 Moving Average) bounced off the 55 moving Average which indicates a possible end to the current bullish trend
-H1 chart
Price Action
Price is currently at daily cluster pivot point also bounce off 61.8 fib zone broke through support forming a role reversal
Market
The 55 and 21 Moving average cross is about to occur
Planed Entry
Looking for a role reversal on the H1/M15/M5

EURUSD Daily

EURUSD H4

EURUSD H1

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.