Looking to short EG from 0.84750
4H timeframe confluences:
*Intra-day bullish momentum has been broken with a strong push to the downside.
*0.84750 key level has been broken; however, the market has not yet retested this level for further downside.
*As there has been a shift in momentum, I am favouring short positions only.
*A pullback to 0.84750 to enter a short position in order to catch the next impulse move to the downside.
Trade = invalid if market closes above the 0.84750 level
4H timeframe confluences:
*Intra-day bullish momentum has been broken with a strong push to the downside.
*0.84750 key level has been broken; however, the market has not yet retested this level for further downside.
*As there has been a shift in momentum, I am favouring short positions only.
*A pullback to 0.84750 to enter a short position in order to catch the next impulse move to the downside.
Trade = invalid if market closes above the 0.84750 level
Comment:
