Looking for short position on resistance
Uptrend will meet a zone of confluences for possible downtrend coming. Confluences : - Divergence - SMA200 - BRN 1.000
Waiting price to rebounds on daily SMA200 to 0,61 fibo
Waiting for double bottom for a Long position to reach 120.000. We will probably try to enter at 50% retrace on reversal pattern in order to save R:R taking into account the big round number is already close (not a lot of space).
The early uptrend rallye broke the tunnel top, but the forming divergence and the resistance level can generate a down trend upcoming to meet the last low at 0,94 or the tunnel low, but this scenario is a bit optimistic at this point. On Monthly scale, price fails to break SMA200 and should give more confluence power to our short scenario. Stay tune. Cheers, Mr.Tdr
Great Long opportunity, let's see the confluences. On Dailly : - Strong support for long - Bullish engulfing + 50% retracement, time to get in - Divergence On monthly : - Pullback on UP trendline - SMA200 as support Relative strength shows GBP have a lot of bullish potential versus USD on #GBPUSD, and AUD gets weak since price reachs resistance zones on #AUDNZD...
Price is currently at strong swing level. Monthly 50% Fibo retracement for a short opportunity on Daily. Waiting for retrace pattern on beginning next week.
Possible Monthly pinbar retracement for long.
Possible short pullback on resistance. Waiting for price action reversal.
Waiting for Long on a reversal pattern Support on monthly SMA200
Waiting for price action on clear support.
Pull back on up trend SMA200 on monthly as support Waiting for reversal price action on DAILY
Fibo, monthly strong support for long. Waiting for price action on DAILY
Pull back for short a down trend continuation. Waiting for a clear price action reversal pattern.
For short : Resistance coming very soon For Long : Bullish divergence on daily Up trendline Pinbar UP on weekly Waiting for price to reach 98.422 level, for short /or watch for beak this level and then pullback for a long.
Confluences on stake : For short : Resistance coming very soon For Long : Bullish divergence on daily Up trendline Pinbar UP on weekly Waiting for price to reach 98.422 level, for short /or wait a break for a Long on pull back SHORT is my prior senario so far
Short on major resistance, waiting for a pullback to 1,5157 to have a higher entry price. A lot of room after before the first trouble area around 1,4516 Watch SMA200 with first trouble area to combinate for a logical exit point Potential ratio Risk:Reward = 3,4 STOP LOSS : 1.53461 SHORT ENTRY : 1.5157 ============================================= Trading rules...
Waiting retrace of 50% of last 2 candles for a better short entry at 1.82300. We will use SMA200 has a relevant target. STOP LOSS : 1,84030 ENTRY : 1.82300 ============================================= Trading rules are : 1. Trades are taken in 1, 2 or 3 units depending the situation. 2. If 90 percent of first target is reached I move stop loss to break-even. 3....