You can see a trade I took yesterday afternoon . I waited for price to make a higher high, fib it & waited for the retracement and long it @1.3000 level. I am waiting to enter a second trade right now. looking at the 4hr chart we are at WS1 1.13051 which is acting as support also hourly chart we are @ 21ema. But this is a big but the daily stoch shows a big divergence with price action. We could be heading lower?. ( YJ love to see Divergence on his charts ).
Sell order : wait for price to break the WS1 @ 1.3051 play the retracement back to the WS1 and enter a short enter
Buy order : If WS1 1.3051 holds look to enter on a 1 2 3 pattern
Have a great Day trading
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