SELL SETUP 1: Break and retest of the first black support line and trendline . ENTRY: Time frame smaller than 4hr chart. Bear bull candle. SL: 5-20 pips above entry. TP: Red lines.
SELL SETUP 2: Resistance, Trendline , Ascending Wedge . ENTRY: Bear confirm candle. Break of wedge , and retest are extra confirms. SL: 10-20 pips above entry. TP: Red lines.
Note: I am looking for a mid week reversal to see one of these setups execute.
BUY SETUP: I will be looking to buy this pair in the mean time. Setup: Support, Trendline . Entry: Smaller time frame bull confirm candle. SL: 5-15pips below entry. TP 1: 1.72 area.
Note: These are possible setups. I will be taking which ever setups are available.
Comment
⋅
SETUP 2 Activated.
Comment
⋅
the right shoulder has formed. Im currently looking for sells as price is at the trendline and resistance. I will be adding more sells at the break and retest of the neckline.
Could form a head and shoulders pattern.