Tradingq29
Nice double top forming at 4HR zone. Just an idea to sell upon candlestick confirmation.
Idea: Potential short setup after break and retest of Daily S/R to the downside.
Idea: If price breaks and retests below the 0.382 Fib level and 4hr S/R level at 1.13370, I may short this pair. I would wait for a lower low/lower close @ around 1.13160.
Two possible scenarios. If price bounces from resistance, R/R is way better. That will probably be my play.
Just an idea, not an advice. If price breaks below support and re-tests resistance, it may continue down for a nice short.
Just hit TP1 on this trade. Now looking for a second entry on break and retest of resistance and Fib Level *****This is not advice, this is just an idea.*****
Waiting for a possible rejection off of resistance zone for a nice risk/reward trade.
Buy opportunity if it breaks upper wedge boundry