EURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below.PRZ1 Confluence:
Missed Weekly Pivot
Bearish Crab Completion
Bearish Butterfly Completion
1.5ab=cd
1.618ab=cd
1.786ab=cd
Missed Daily Pivot
0.5XA Retracement
0.5AB Retracement
Bearish Knoxville Divergence Printed
PRZ2 Confluence:
Bearish Crab Completion 1
Bearish Crab Completion 2
0.618AB Retracement
If entry is triggered and target is achieved, I will be looking for bullish opportunities around the deep crab completion level near 1.06
Trade closed: target reached
Target Achieved: +162 Pips
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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.