Trade plan 10 October 2016

EURUSD Daily

-Daily chart Price Action Price is currently approaching the monthly cluster pivot point, forming a descending triangle plus Divergence Stochastic is currently at the 50% line heading to the oversold zone this implies that the is a great number of bears in the market Market The 55 and 21 Moving average indicate a sideways market

EURUSD H4

-H4 chart Price Action Price bounced off the 78.2 fib zone forming a descending triangle Stochastic is at the 50% line Market The consist of a great angle of separation between the 55 and 21 moving averages which indicates a possible bearish market that

-H1 chart Price Action Price is currently at the Daily pivot resistance Market The 55 and 21 Moving average cross has occur with a great angle of separation indicating a bearish market Planed Entry Looking Looking for price to get to the 1.12300 or 1.2200 with either a head and shoulder patten formed or a double top on the H1

COT Report

The COT report shows us that most non- commercial traders are shorting EURUSD Which lines up with our baist with the possible market direction

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