EA Short
Updated
⭐️ Daily: price broke down and retest a strong weekly level (1.56000). It is creating descending higher lows. The trend here is bearish.
⭐️ H4: we can notice price broke 1.55000 that we consider a level to consider because it hasn't been retested yet.Price is creating descending lower highs we can expect a new lower high on 61,8% Fibo's zone that meet exactly
the trendline and the zone.
⭐️ H1:price is creating descending lower highs. Hooking up Fibo's retracement we can notice an interesting zone on 71/78% Fibo's zone (1,55200).
What we can do here is:
1. Wait for the price hit the zone, start ranging and going down to lower timeframes to find a perfect entry.
2. Wait for the price near the zone to find more confirmation.
3. Split the position in 2 (one in the first point of interest and one in the other).
In this case I personally opt for the first option because it allow us to find a smaller stop loss.
NEWS TO CHECK:
🐂 11:00am EUR Final CPI y/y
🐂 11:00am EUR Final Core CPI y/y
⭐️ H4: we can notice price broke 1.55000 that we consider a level to consider because it hasn't been retested yet.Price is creating descending lower highs we can expect a new lower high on 61,8% Fibo's zone that meet exactly
the trendline and the zone.
⭐️ H1:price is creating descending lower highs. Hooking up Fibo's retracement we can notice an interesting zone on 71/78% Fibo's zone (1,55200).
What we can do here is:
1. Wait for the price hit the zone, start ranging and going down to lower timeframes to find a perfect entry.
2. Wait for the price near the zone to find more confirmation.
3. Split the position in 2 (one in the first point of interest and one in the other).
In this case I personally opt for the first option because it allow us to find a smaller stop loss.
NEWS TO CHECK:
🐂 11:00am EUR Final CPI y/y
🐂 11:00am EUR Final Core CPI y/y
Order cancelled
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.