The short setup is based on reasons listed below:
1. Strong dollar(refer to my linked ideas)
2. Momentum: lower low structure
3. Left formation with pivots
4. yellow zone is between 50% and 61.8% fib levels
5. flip zone
6.Dual MA system
Basically, it's a confluence trade with high probability. I'd like to set alert and watch the candle formation on 60m or 120m.
1. Strong dollar(refer to my linked ideas)
2. Momentum: lower low structure
3. Left formation with pivots
4. yellow zone is between 50% and 61.8% fib levels
5. flip zone
6.Dual MA system
Basically, it's a confluence trade with high probability. I'd like to set alert and watch the candle formation on 60m or 120m.
Comment:
Comment:
Momentum is strong. I'm waiting for the break of the uptrend line and bearish pattern.
Comment:
We still need to wait as the recent low couldn't be breached. Momentum to the upside is so strong.
plan your trade and trade your plan
