EURUSD is nearing the PRZ of a bearish bat in a significant area of S/R. MACD is also printing divergence in addition to RSI being overbought. A missed weekly pivot sits below price and is confluent with a larger .5 retracement. Entry is placed at the bottom of the PRZ with a SL above 1.13XA and targets at .618CD and the missed weekly pivot.
Confluence in the...
Hi there,
With gold, I was looking for a possibility to be involved in the down trend. Finally the chance come as the price retraces to my expected reversal zone. Later, I found out that there are other levels that can also be a great place to go short.
Here is why I think those levels provide great opportunity.
1. Retracement to Structure
-Price retraces to...