NEXT ZONE TO LOOK FOR EUR/USD SHORT OPPURTINITY!
Updated
Hello traders, i wish you a very profitable week starting from tomorrow.
Let's see a great short opportunity for EUR/USD on 4H chart.
TECHNICAL OBSERVATIONS
1.We have a potential Bearish Deep Crab which coincides with previous price structure at 1,20 level where a lot of a shorts are placed.
2.Stochastics are in overbought levels.
3.RSI is in overbought levels.
4.Both Stochastics and RSI indicators are showing that we will have a correction leg to previous support zone before we comlpete the Bearish Deep Crab pattern to 1,20 level.
5.We can see both possible scenarios (black and red scenario) before pattern completion.
6.We must be careful where to put the Buy stop at this pattern because a fake bullish break out will trigger the thousands of shorts waiting at this 1,20 level and we will have a short squeeze.
7.Be careful as this trade is a counter-trend trade because we have higher highs and higher lows plus the price is above the 200EMA still favoring the longs.
POSSIBLE SHORT TRADE
ENTRY PRICE AT 1,20650
BUY STOP AT 1,21250
FIRST TARGET T1 AT 1,19320
SECOND TARGET T2 AT 1,18400
TWO MORE ADVANCED PATTERNS SPOTTED AT DAILY CHART ON EUR/USD NEW ARTICLE COMING SOON!
THANK YOU A LOT FOR YOUR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Let's see a great short opportunity for EUR/USD on 4H chart.
TECHNICAL OBSERVATIONS
1.We have a potential Bearish Deep Crab which coincides with previous price structure at 1,20 level where a lot of a shorts are placed.
2.Stochastics are in overbought levels.
3.RSI is in overbought levels.
4.Both Stochastics and RSI indicators are showing that we will have a correction leg to previous support zone before we comlpete the Bearish Deep Crab pattern to 1,20 level.
5.We can see both possible scenarios (black and red scenario) before pattern completion.
6.We must be careful where to put the Buy stop at this pattern because a fake bullish break out will trigger the thousands of shorts waiting at this 1,20 level and we will have a short squeeze.
7.Be careful as this trade is a counter-trend trade because we have higher highs and higher lows plus the price is above the 200EMA still favoring the longs.
POSSIBLE SHORT TRADE
ENTRY PRICE AT 1,20650
BUY STOP AT 1,21250
FIRST TARGET T1 AT 1,19320
SECOND TARGET T2 AT 1,18400
TWO MORE ADVANCED PATTERNS SPOTTED AT DAILY CHART ON EUR/USD NEW ARTICLE COMING SOON!
THANK YOU A LOT FOR YOUR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Note
Price behaviour exactly as expected as you can see through the black arrows..
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.