sell setup i am watching for. Overall my bias is still long GBP but i think we could get a nice pullback to key zones.
what i am looking at is a longterm sell for uchf. According to weekly time frame we are looking very bearish.
SO far im liking how UJ is trending I want to watch and see if we can continue pushing for new HH
IF we can get a break above 68.00 id be interested in going long to 68.80
I like the way this setup looks. If this plays out we can take advantage of 300 pip drop.
I was waiting for a break of 133.300 to give me short bias. This could be a good swing.
Lets see if we can push low id enter on break of structure and for as long as we get a nice retest and good confirmation i will short.
If we get a rejection off this zone and a nice pullback i would short this pair back to retest trend area and if breaks trend can swing even further. This just an idea
If we fail to make new high we could see price drop as it is at a key trendline. I would need to see a rejection and see price hold below zone before i short.
I would only enter on the break of neckline, if it turns out to be a valid head and shoulders pattern. This is just setup i am looking at.
If we get a nice clean retest of new support i will gladly buy and take to next liquidity zone.
Looking to short and possibly get another lower low and retest of previous structure.