After friday’s power expansion , it seemed clear that EURUSD will be strong at the moment.
However, it is reaching a w1 fib6 for the third time in 5 nonths.
Hence I have reasons to moot that a consolidation( perhaps of distributive) nature may be coming to an end, if 1.3833 was to be tested for the 3rd time and shows rejection.
So monitoring if price can break out of this box, shows rejection, which I will be happy to trade on a Wr2D1B.
However I am looking to long in the very now. Looking to trade a quickie when price retraces
Friday’s close was a very powerful bullish close.
price gapped out upon Russian pending invasion.
Looking to use this opportunity for gap fill / buy limit trade.
Iceline remains valid till broken.
lost this trade. Followed Quickie trade plan but did not work out.
On hindsight, it is so easy to see that the d1 pivot level became the support but it will be hard to justify quickies with a larger sl.