glennmercer
Short

EURUSD Short: 2 Very High Confluency PRZ's

FX:EURUSD   Euro Fx/U.S. Dollar
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
Trade closed: target reached: Target Achieved: +162 Pips
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out