This week we’ve seen a lot of power moves, a lot of strong levels broken and all we can do really is to wait for price to correct to our areas we target for signals.
The EURUSD looks like it has started it’s correction, waiting for price to come back and test the bearish hot spot on this chart.
If we get and sort of strong sell signal here, it would be considered a high probability trade as the resistance level, and the mean value will both be supporting a bearish position.
Look for bearish reversal candlestick patterns at the hot spot which communicate to you the market is respecting this area as resistance, so you can build a short position off it.