For a few weeks now we have been following this pair. Price is near the top of the weekly range. H4 - Based on the analysis above we can look for sell opportunities as we can see that there was an initial move down followed by a correction.
No surprise to see price stalling at the round number of 0.7000 Back into structure for a retest. If price holds this level it's time to look for entry reason to get short with target down at 0.6900
Keep Holding a short phase on 4HR view Waiting for buy Opportunity
Still waiting to get involved shortside on thi pair since the last published idea (reported on related). At this time, another potential pattern (bearish Gartley) could be used as a reason for entry in confluence with a 50% Fib retracement of the most significant swing long that broke trendline on 8th Jan 2016. Wait and see if Gartley plays out. Targets on the chart
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....