If your looking to short .7289-.7300 zone is the place to try it.
I myself am not taking the trade until I see some sort of a bearish signal, but this would be the place to do it.
Daily is overbought and stoch is approaching the top
I took this trade yesterday and posted a chart a few times in chat, but figured ill post it here for others.
Easy Peezy 61.8 ht that landed perfectly on the nose. This is as easy as it gets IMO.
Will it go up? Possibly, but for the time being it was an easy 40-50 pips. Odds are it will retrace higher before breaking for or going up
In this whole run up since the election I have yet to see what I just saw today. Two consecutive 4H pin bars such as these (these pins are quite large compared to anything on the 4h chart). The second one making a LH and to which it can also be considered a double top. I will be watching this closely today for any further signs of weakness.
Long based on Clones. Found a level between 2 ranges acting as confluence.
Dollar is exhausted and I expect more selling of it next week. DXY has a nice H&S pattern on 4h that is on the verge of breaking down as well..and if DXY tanks EU will fly
Price bounced at 50% level which is also a very high confluence area for a reversal. Currently price is being rejected from the currently 50% zone of the cloned reference range.
I still believe there is accumulation going on and next week we will be ready for a move up out of this zone
Price has managed to move 3 full ranges from the reference range I had cloned. Additionally price "stalled" at the top of the range last night. Given the fact the weekly .618 fib isn't to far away I think we can enter a short somewhere in this zone. I will be shorting in the 114.40 zone with a stop just above 115.08.
The 114.40 zone is a 50% level within the...