'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 
In keeping with the “Keeping it Simple trading 101″ theme; the price on the EUR/USD has touched and reversed on the lower channel trend-line.
The question now what to do next.
1. Wait for a break lower and pick a point higher in the price action as a stop OR
2. Consider a buy with the current low as a stop or wait for another 4 hour candle to close and consider it’s low as a stop…
3. Or as we are near the old top; stay on the sidelines until we break out further as at this point the daily range is also mid-channel.
DEAR PIERRE
HI thanks a lot for your good tech. overview.
in my opinion there are another price channel that is touched keypoints. so I accepted that becouse of its cordination with EW counts and tech indicators.
its up.s(4445-4840-5060) & lows(4050-4190-4620).if this is the right case, there will be fibo proj. touching with uperside of channel @ 1.5200 (my target).there are res.:5060-51.
Best Regards