High risk reward setup, Looking to short this pair this week.
Reaching Monthly High, Looking for rejections around that zone, high risk/reward setup.
High probability trade, multiple time frame analysis, high RR
I believe we will continue to see some more upside movements before a nice drop. I will be looking for entries around 1.71200 - 1.72000
Respecting higher time frame trendline/levels, potential buys to weekly/monthly resistance levels
More upside potential if we can break above 80. waiting for weekly closure. If we reject around current price, I will be looking to sell.
broke daily TL, H&S, weekly TL Resistance. I think it will drop 150pips easy.
Expecting a push higher, if price respects highlighted zone. will only look for sells, if price pushes back below highlighted, then I will look for other confirmations to sell.
CURRENTLY AT FIB 61.8 LEVEL, PRICE HAS BROKEN TRENDLINE TO THE DOWNSIDE, MY BIAS REMAINS LONG UNLESS WE CLOSE BELOW DAILY FIB 78.6,WITH DAILY CANDLE. WILL BE LOOKING FOR BUYS AROUND 78.6, UNLESS PRICE BREAKS ABOVE COUNTER TL AND RESPECTS NEAREST SUPPORT BEFORE REACHING MY ENTRY ZONE.
retesting broken trendline on h4, also at fib 78.6.
Three Different levels/zones that I will watch for rejection for sells. Price had tested the monthly Resistance multiple times and rejected, then Price broke to the downside from the weekly trendline of support, retested that trendline and made a LL, then price created a double bottom on weekly tf, and has pushed back up to previous high. my bias remains short...
Waiting for a breakout, about 100 pip move up or down.