mid term short idea!
Eurnzd
WEEKLY:we in an uptrend, we have higher highs and lows.at the moment we can see price hovering around the
resistance zone. we have a shooting star candle which indicate rejection in that zone.price is about to
start pulling back on weekly time frame
DAILY: we have price broke through 1.74816 monthly zone and there we have a bearish engulfing candle which
indicate sellers in control of the market already.
4hrs:we have a flag price pattern which the trend seems already broken by an englufing candle stick at the
monthly resistance level.
* we now have series of higher lows and lower lows after which the previous higher low was broken and we
couldn't see any higher highs again.
*50 & 30 ema also confrims a downtrend as price falls below
conditions to take this trade will be met only if we see a pullback(retest)back to the broken trendline resistance
that would be 38.2% or 50% of fibs then pin bar or engufing candle will be my sell signal..
WEEKLY:we in an uptrend, we have higher highs and lows.at the moment we can see price hovering around the
resistance zone. we have a shooting star candle which indicate rejection in that zone.price is about to
start pulling back on weekly time frame
DAILY: we have price broke through 1.74816 monthly zone and there we have a bearish engulfing candle which
indicate sellers in control of the market already.
4hrs:we have a flag price pattern which the trend seems already broken by an englufing candle stick at the
monthly resistance level.
* we now have series of higher lows and lower lows after which the previous higher low was broken and we
couldn't see any higher highs again.
*50 & 30 ema also confrims a downtrend as price falls below
conditions to take this trade will be met only if we see a pullback(retest)back to the broken trendline resistance
that would be 38.2% or 50% of fibs then pin bar or engufing candle will be my sell signal..
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