too ill to write description soz, looking for short if price rejects this level 3x on 1 hour timeframe
I will look to enter this if i see 3 x 5 minute rejection candlesticks around my entry point.
USDCAD Long is ready to go. Dollar strength should also come in this week to push this pair higher.
I have entered this short on AUDJPY. I was waiting for rejections on the 5 minute timeframe to cofirm an entry.
CONFLUENCES: 1. Trend Line (waiting for 3rd touch) 2. 51 EMA is being respected on the 8hr time-frame (dynamic support) 3. Psychological Level (0.9200) 4. Support/Resistance 5. Price is making HH's and HL's
I most likely will not take this as i do not like the recent price action. This trade may still play out and is valid if price wicks up to the 71% Fibonacci level.
CONFLUENCES: 1. Trend Line (waiting for 3rd touch) 2. Psychological Level (1.16500) 3. Golden Fibonacci Zone (71% - 78.6%) 4. 51 EMA is being respected on the 3hr and 4hr timeframe.