Reasons to go short -
Overall trend is bearish
Pulling back into a strong SR level (thin blue line)
Last time it was at this level there was a strong sell off, the price is now coming back to test this area (yellow box) for the first time
Yellow box is also a combination of fib levels from previous highs
Good risk to reward
Reasons to go short -
Longer term trend is bearish
Returning to a strong SR Level (blue lines)
The last time is was at this level there was strong sell off and this is the first time returning to it (yellow boxes)
Completion of bearish bat pattern
Good risk to reward
If the pair pulls back to either the 2.14 area there could be a potential opportunity for a short.
Reasons to short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box)
A confluence of fibonacci levels from previous...
Reasons to go short -
Overall trend is bearish
First time coming into an area where there was a previous strong sell off.
A morning star reversal pattern on the daily chart
Positive risk to reward
If the pair pulls back to the 162 area there could be a potential opportunity for a short.
Reasons to short -
Larger trend is bearish
Possible completion of a bearish bat pattern
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box)
A...
Possibility of a bearish bat pattern completion on this pair.
Reasons to short -
Completion of bearish bat pattern
Coming into an area which previously saw a big sell off, and is now returning to this area for this first time (yellow box)
Pair in a longer term bearish trend
Positive risk to reward
If the pair pulls back to either the 125 or 127 area there could be a potential opportunity for a short.
Reasons to short -
Trend is bearish
Returning to major SR levels (blue lines)
The 127 area (yellow box) would be preferable as the last time it was in this area there was a strong sell off, and this is the first time returning to this area. You can see this...
If the pair pulls back to the 1.988 area there could be the potential to go short.
Reasons to short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (upper yellow box)
A confluence of fibonacci levels from previous highs (inside...
If the pair pulls back to the 116 area there could be a great opportunity to go short.
Reasons to go short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time returning to this area (yellow box).
116 is also a 50% fibonaci retracement level from the previous...
Potential Bearish Gartley Pattern on EURCAD 60 Min Chart.
The EUR has held its ground at long term SR level which is around 14400 - 14450, now it looks like it could move up. If it moves to 14513 it will complete a bearish gartley pattern.
Reasons to make this trade -
Completion of Bearish Gartley Pattern
Going with the recent bearish trend
By the time it...
