All things are described in the image.
Price is breaking a trend line and horizontal support. So I will use a limit order to get better RR
All information is in the graph.
The major trend is UP.
We are in a pullback and already in a confluence levels.
This little pinbar gave me a possibility of entry.
As image shows, after a channel break we are having two consecutive pin bars rejecting horitzontal level + 10 and 20 EMA's.
I'm short in this pairs since 93.00 and i'm looking for another entry to sell more.
This pinbar can give us another entry.
I will set a sell stop order in the minimum of the pinbar
As we can see in the image EMA 50 it's giving us the direction of the price.
In circles i marked when prices crosses the EMA and change the direction.
We can combine with H&S + pinbar rejection of the neckline wich can give us a short opportunity.
Head and shoulders pattern
Possibility of wege breakout in H4 basis.
Target will be the Daily wedge.
As the price is doing along the last days, it's bouncing in the EMA's.
1. Price it's rejecting the EMA's.
2. It just broke H1 channel
3. Major trend it's going down
Entrada en cortos por estar en el final de un retroceso + vela reversal en nivel.