Continues breaks of Structures to towards sell side.
Consider price is in the downtrend- LL, LH formation creating IMPULSIVE MOVE. Mostly corrective move have 3 upside failed pushes and another BoS on downside and failing to retest creates "pinbar" and price extend further downside breaking 3 candle retracement. After that any pullback into an OB i.e. failed retest could be a potential opportunity. (1st) Failed to...
In GBPJPY, trend continuation formation after the reversal. Expect the breakout after buyers are getting stronger.
Sellers are getting induced in the corrective move of EURAUD, could provide the momentum to drag the prices down.
EURNZD-NZD seems to take the strength. Currently we see clear BoS on previous range. Then we witness the pull back and now as we getting the retest of pull back. The sellers are taking the control of this high and can eventually push the prices downside with the momentum if selling structure really exits.
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Currently I shorted the EURO. In intraday price has taken out the highs, liquidity is underneath has to be taken out. The parallel channel is the range. HF trade. take partial profits.
Currently Eurusd is in the range, until and unless EURUSD breaks the range its in the short bias. The range is really strong while I have marked some orderflow. TRADE AT YOUR OWN RISK