The wave (Y) is completed and the the pair is well within the Blue Box (sell zone) where the pair may experience a high sell pressure you will have to use your own confirmations to enter the trade.
I kind of have a zone from 109.450 up to 109.900. I would need a definite break out of the zone before trading. 1 hour chart the 50 EMA is approaching from below. I would need price to break below that before going short. A huge trade if it goes in your favour as described.
FX_Ozzie
⋅
@gremic, Well yes its a very good area, mine is due to the previous high on wave W and the resistance level on 109.900 -110.00.
the reason I wanna enter that high is for that sniper entry and tighter stop loss.
UnknownUnicorn493766
⋅
@FX_Ozzie, Did you bank some of the run down you mentioned in this idea ? Or are you holding until you TP is hit?
FX_Ozzie
⋅
@gremic, I did bag some profit but my main aim was the tp but now i have a new structure playing out will post when i have time
FX_Ozzie
⋅
@FX_Ozzie, gremic my fellow friend im sorry i havent been trading for a while now but will be doing more analysis soon