glennmercer
Short

EURUSD Short: 2 Very High Confluency PRZ's

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
EURUSD             is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below.

PRZ1 Confluence:
Missed Weekly Pivot
Bearish Crab Completion
Bearish Butterfly Completion
1.5ab=cd
1.618ab=cd
1.786ab=cd
Missed Daily Pivot
0.5XA Retracement
0.5AB Retracement
Bearish Knoxville Divergence Printed

PRZ2 Confluence:
Bearish Crab Completion 1
Bearish Crab Completion 2
0.618AB Retracement

If entry is triggered and target is achieved, I will be looking for bullish opportunities around the deep crab completion level near 1.06
a year ago
Trade closed: target reached: Target Achieved: +162 Pips
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