Trade plan 27 October 2016

Daily Chart

-Daily chart Price Action Price is showing strong bullish movement with a 38.2 fib bounce which formed a Ascending scallop patten Stochastic is currently oversold Market The 55 and 21 Moving average indicate a bullish market

H4 Chart

-H4 chart Price Action Price recently broke through the 1.008646 & 0.998018 range forming Higher highs to the Weekly pivot point(WR2), A pullback to the 50% fib zone which will form a role reversal Stochastic is heading to the oversold zone Market The consist of a great angle of separation between the 55 and 21 moving averages which confirms the Bullish market

H1 Chart

-H1 chart Price Action Price is currently at Daily pivot point(DM2),Price is expected to pull to the 1.01200 psyc level to enter Market The 55 and 21 Moving average seem to be converging while a bullish market is still indicated by the two SMA Planed Entry Looking for a formation of a possible reversal patten at 1.016205 and than look to enter at 1.01200 psyc level Entry :1.01200 SL:1.00688

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