EURUSD : Market’s Overview, 31/07/15, 19:14 GMT

Market’s Overview :

EURUSD : pair is heading to its “destiny” no-matter what some may wish and try to negate. Price made a REFLEX upward move which didn’t affect the bearish picture on DAILY, it only added statistical validation to the downward move that will follow, while on H4 TF price failed to bent Kijun Sen upwards and Tenkan Sen didn’t cross above Kijun Sen. No need to place any trade for the next couple of hours. You’ll have all the time you want to ride the Downtrend on Monday, as soon as ALL the SHORT Entry (SELL) Criteria on H4 TF are met such as :

1. price closing below Tenkan Sen
2. Tenkan Sen going Down
3. Kijun Sen going Down
4. Chikou Span having crossed below past price action going Down
5. Stochastics going Down

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