We have two possible short positions on the 
EURUSD
1. If price touches the first red area, check if there is divergence on either MACD or stoch. At the moment we can see MACD diverging from the price. If step 1 is fulfilled, continue.
2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.
3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.
4. Short when PRICE makes lower low. If it doesn't and instead makes higher high, abort this potential SHORT and look for the next red area.
Possible reversal near following dates(orange vertical lines): 22 dec, 26 dec, 30 dec.
Purple horizontal line: BRN(big round numbers).
EURUSD1. If price touches the first red area, check if there is divergence on either MACD or stoch. At the moment we can see MACD diverging from the price. If step 1 is fulfilled, continue.
2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.
3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.
4. Short when PRICE makes lower low. If it doesn't and instead makes higher high, abort this potential SHORT and look for the next red area.
Possible reversal near following dates(orange vertical lines): 22 dec, 26 dec, 30 dec.
Purple horizontal line: BRN(big round numbers).
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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.