Bias Bearish
Fundamental Analysis
EUR is weakening, JPY Stronger data
Price Action:
Rejection from H4 SR level. Price formed a double top pattern. Break break below the H1 double top & bull TL.
Confluence:
Higher TF (W/D/H4) - Rejection from S/R
Lower TF (H1/M30/M15) - Broken H1 SR & TL level
Set up:
Short trade entry at H1 broken SR level
SL 2x ATR(20)
TP 1:5 RR next H4 SR level
Fundamental Analysis
EUR is weakening, JPY Stronger data
Price Action:
Rejection from H4 SR level. Price formed a double top pattern. Break break below the H1 double top & bull TL.
Confluence:
Higher TF (W/D/H4) - Rejection from S/R
Lower TF (H1/M30/M15) - Broken H1 SR & TL level
Set up:
Short trade entry at H1 broken SR level
SL 2x ATR(20)
TP 1:5 RR next H4 SR level
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.
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.