EU 4H PA and S/D analysis

٦ يناير ٢٠١٤

Price was congested 12/9 - 12/18 before dropping down to find more demand. A push into daily supply was a bull trap (mislabed, duuhhhhh) as price quickly broke down, attempting to retake the bull trap level but failing to push higher. Price engulfed that area of congestion to the south in the ensuing sell off.

If price comes back to that level, look for a short trade with good RR.