Hello Everyone!
How are you all?
EurUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The HTF Structure has formed a sell reversal.
2. The price is approaching a potential short level .
3. Potential 3 touch structure.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EurUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The HTF Structure has formed a sell reversal.
2. The price is approaching a potential short level .
3. Potential 3 touch structure.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Note
Wait for a sell continuation on the LTF.
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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.
Related publications
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.