Going for the 8EMA weekly gap close.
Price Trading above 8ema on the daily and above 50ema on h4, also completed a retest of the 1H 200EMA and now showing a bullish pressure.
Sniper Criteria on side.
Entry - 51.760
On the daily/weekly EUR AUD Fails to create new highs and continue towards the uptrend channel. Double day reject at recent highs shows a bearish pressure at that level and can indicate a good support to a short trade
Price now trending below EMAS on 1H TF and After closing below EMAS and retesting them gives a high probability that a down move towards 200EMA on...
Price Action ATM ranged between monthly and daily levels not making new highs above monthly resistance which will prove a good direction & support for a fast short term trade to daily 8ema gap close.
Trade will be valid if price trades below 4H 8EMA and gets triggered only if price break the daily low.
Trade safe adjust risk accordingly.
Entry level -...
H4 GAP CLOSE EXECUTE JUST BELOW
Waiting for a nice macd cross on the 1H to execute
Pending Sell Limit Entry: 13549
TP2: IF we get good momentum to the downside use trail stop
Adjust risk accordingly
Price Completed BCR of H4 and 1H 50 EMA short to just above retest of the previous daily lows.
Entry: Sell limit 1.26205
S.L : 1.26685
NOTICE: Although Sniper Criteria met Price have broken uptrend daily channel due to latest fundamentals and i do expect a price correction upwards from the GBP so Adjust risk low.
Down trend on the daily through the channel UPSIDE level been rejected 3 times and confirm a good support level to take a short to the daily 8ema gap close
IF price Break and Close below And then retest 1H 50 EMA on the next candle look to short below the last lowers down to just a few pips above the daily 8ema.
Execute only if Sniper Criteria met on both...