Hi guys,
I am shorting the pair around these levels.
The above chart shows the current strong resistances/supports (red lines).
The pair is currently trading at a HVN area from a Daily perspective.
This area is subject to a bearish divergence on many timeframes.
I am shorting the pair and targeting next HVN node around 131.350.
Happy trading!
Jesse
I am shorting the pair around these levels.
The above chart shows the current strong resistances/supports (red lines).
The pair is currently trading at a HVN area from a Daily perspective.
This area is subject to a bearish divergence on many timeframes.
I am shorting the pair and targeting next HVN node around 131.350.
Happy trading!
Jesse
Comment:
Comment:
Hi guys, here's an update about my yesterdays' idea.
We are still trading on a High Volume Node (HVN) but it's interesting to note that volumes are decreasing even though price is pushing higher. This could suggest we are somehow topping.
Only a strong breakout above the current levels will invalidate the idea.
Best,
Jesse
Hi guys, here's an update about my yesterdays' idea.
We are still trading on a High Volume Node (HVN) but it's interesting to note that volumes are decreasing even though price is pushing higher. This could suggest we are somehow topping.
Only a strong breakout above the current levels will invalidate the idea.
Best,
Jesse
Comment:
The target zone has changed; it's around 131.480-131.500
Why this area? Because it's a HVN + a confluence zone (former flat resistance).
The market will sooner or later test this area as a support (pullback) or break it to the downside.
Why this area? Because it's a HVN + a confluence zone (former flat resistance).
The market will sooner or later test this area as a support (pullback) or break it to the downside.
Comment:
Comment:
***UPDATE***
Ok guys, since we have lots of events tomorrow, I will change a little bit my target.
I have added a Fib from the low to the possible top (not confirmed yet) and it seems that 131.900 131.950 is a level of interest as you can see in the chart above.
So the plan is the following: if the Head and Shoulders pattern is confirmed on M15, I will exit the trade at 131.950.
Volumes should be increasing at this key resistance level which is not the case. This suggests that we could have a price reversal, or at least a pullback to 23.6% fib level at least.
Trade with care!
Jesse
***UPDATE***
Ok guys, since we have lots of events tomorrow, I will change a little bit my target.
I have added a Fib from the low to the possible top (not confirmed yet) and it seems that 131.900 131.950 is a level of interest as you can see in the chart above.
So the plan is the following: if the Head and Shoulders pattern is confirmed on M15, I will exit the trade at 131.950.
Volumes should be increasing at this key resistance level which is not the case. This suggests that we could have a price reversal, or at least a pullback to 23.6% fib level at least.
Trade with care!
Jesse
Comment:
* Invalidation if price breaks the current tops, around 133.200. But as you know, I do not put any tight stop.
* Target 131.950 = 60+ pips from the entry price.
Cheers
* Target 131.950 = 60+ pips from the entry price.
Cheers
Comment:
Hey there
Trade still active. It did not break the current highs during the Asian session. Let’s see how it goes at London opening.
Have a good day y’all
Trade still active. It did not break the current highs during the Asian session. Let’s see how it goes at London opening.
Have a good day y’all
Comment:
Still in the trade
Comment:
We should reached the target of 131.950 pretty soon
Trade closed: target reached
Comment:
Did someone take the trade?
