The price was rejected by that zone , the trendline and also at the 0.618 level of the big impulse. If you go to lower time frames you will see a potential head and shoulders pattern. Be careful when trading today. It's a very fundamental day
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If you like the idea please like this setup and follow . More setups are coming. Check comments to see the intraday levels
potential head and shoulders pattern comming
PRICE IS CLOSING TO A THIRD TRENDLINE CONTACT. By other side, 1490 is the key zone which correspond to a major supply zone , keep an eye and enjoy the setup
I will be waiting for a head and shoulders pattern near that gray zone
Many traders are shorting the breakout , don't chase the price, see the next post to see my intraday plan to take the BIG SHORT
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As we can see price is reaching the 0.781 fib which is in the same place than that weekly trendline and old support . Price is forming and ending diagonal pattern 1.73200 is the snip zone , follow for more setups
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LOOKING FOR SHORT ENTRIES AFTER THAT TRENDLINE BREAKOUT
Looking to add more positions. This time we can see a strong trendline breakout. We are waiting the pullback of that trendline near that gray confluence zone to form the right shoulder before continuing to the upside.
Enjoy this setup ! like and subscribe for more! Looking to see if the price reverse at the 0.618 which is in the same place than an important zone. Price can also reach that weekly trendline near the 0.718 level and a supply zone before reversing
SELL SETUP. Due to few stop loss hit that week I decided to be very conservative with this entry that why I Waited for the counter trendline breakout and h4 candle . We can have a potential short momentum
GBPAUD FORMING AND EVENING STAR DAILY CANDLE PATTERN