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I am looking for potential short on EUR/USD
Price has now BOS on the 1hr timeframe and is also creating LH's and LL's, there is a shift in market structure.
78.60% is a key level for entry which resistance at this level.
Happy Trading Traders.
On EURUSD, a downtrend channel has been forming for many weeks, going from 1.21 to 1.15 (lowest level reached) making thus on its way LL and LH.
However, price can still break outside the channel, and we will be looking for buy setups around the support after a serious break of the previous high.
Best way to enter is to wait for the right timing
Best of Luck
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iniciando la tendencia con un excelente push de compradores expuestos en los MA y e RSI que nos indica la tendencia en alza soporta una zona en particular, de la cual esperamos grandes movimientos debido a la resistencia historico
Short $LH ... 3 new subpoena's from DOJ.
Overbought on tech side.. Pivot down to test 200 DMA. 240 is my sell target. Huge OI on puts today 5 times normal option volume. 160's are pretty cheap as well.
usd/gbp seems to create a divergences as well has creating LH's and LL's on the 4hr timeframe.
Waiting for price to create another LH so I can enter short at that moment. The reason I've placed my trade there is because 50 ma holds that level very well so I am hoping that price reaches 50 ma and drops.
on the gbpcad weekly, price seems to have hit major resistance zone. Possibly a h&s pattern could occur.
Going down the daily and 4 hr chart prices has seemed to have made HL's and HH's. HH has seems to have touched major resistance zone and I now believe that price will start the create LH's and LL's if it breaks out of the trend.
Plus ma crossover at the...
I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation.
I know you will do your own independent reseach on this and I wish you the best in your trading Journey.
Ps. I'm looking for a new HL point to get a new HH.
NOTICE HOW MARKET CLOSED UNDER PREVIOUS HH,HL . HH,HL REPRESENTED BY THE RED AND GREEN FOR LH,LL . MAKET STILL UNDER 50EMA. LOOKING FOR MARKET TO TEST 4H SUPPORT AND BREAK TOWARD DAILY SUPP . LOOKING TO TP@1.618FIB