This is historical observation. I find some opportunities appear in EUR while I was sleeping. On the chart below, the three rectangles show the possible trades I may take.
1. Price returned to 1.4303 after a long time and the momentum is not particularly strong. Good to fade.
2. After the price breakout down, following the descending triangle price pattern, price retraced back to 1.4303. A pullback trade setup. Go short.
3. As I said yesterday, I don't like the 1.4286 S/R, coz I think it is outdated. I said when the price returned to 1.4282 I would fade again.
1. Price returned to 1.4303 after a long time and the momentum is not particularly strong. Good to fade.
2. After the price breakout down, following the descending triangle price pattern, price retraced back to 1.4303. A pullback trade setup. Go short.
3. As I said yesterday, I don't like the 1.4286 S/R, coz I think it is outdated. I said when the price returned to 1.4282 I would fade again.