DislikedEUR/USD Big Picture Planning I'm trying top down analysis here, this pair is in down trend following Thursday move, so Plan A is looking to short the pair 1st chart daily 2nd 4H Last 1H Purple Line is last month high and low Orchid line is last week high and low Gold line is support and resistance drawing using line chart from daily time frame Lime is support and resistence drawing using line chart from 4H timeframe I put my notes on the chart, let me know what I misses, or if you agree with the plan or disagree, thanks {image} {image} {image}Ignored
What you could add is a filter for entering a counter trend(plan B).
Since the trend is down, if you get the short signal, you can get in.
For entering the long signal(since its counter trend), you need to make sure you have some extra confirmation (could be TDI cross above MBL, could be break of structure, could be breakout of resistance and then Resistance becomes Support confirmation, could be double bottom divergence at structure...)
just my 5 cents..
:-)