A retrace with a trigger
The fourth market, where the slow chart is retracing and the daily agrees with the retrace, and the chart that decides when the entries start.
The fourth market is the euro against the dollar, symbol EURUSD, and it is the reverse of the last one.
The reading
The weekly is in an uptrend and is currently retracing. Its last leg up ran from 1.0680 to 1.1020.
The daily is bearish, so the daily agrees with the retracement rather than with the trend above it.
The slow chart is pulling back, and the chart below it is pointing the same way.
Where the pullback is going
The middle of that weekly leg is 1.0850. The rise also left an empty range at 1.0830 to 1.0880, and the middle sits inside it.
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