THIS IS A TRAP !!

🎯This triple top is a typical trap. Which creates illusion of the resistance. Traders falsely things that if price bounced 3 times its safe to short it. But as they do that many SL appears above it. That means the money. As well as the break out occurs, the break out traders will go long here. But there is strong zone above on the weekly. So the they will go long to the resistance. Most likely once the sellers are stopped out and buyers sucked to the longs price will fall. I will wait for the break of the structure down and its signal for me that USD pullback is coming so I can take long one the EURUSD and other pairs.

Big picture. See left bottom window strong zone on the weekly and top of the channel.


This is a pre-plan M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at the institutional level if all conditions are met.

✅ Traders, you are welcome to share your charts, thoughts and questions lets discuss it.

Wish you a good hunt !!

Dave FX Hunter ⚔

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❗❗ This is Pre-plan
That means my view can change, depending on how the price will arrive at the level and what will be happening on the M30 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.

❗❗ DISCLAIMER
We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage.

❗❗ Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.