Price end Big AB=CD then make a sneak attack and now we got a blue engulfing candle that probably will be deleted
Price can easily go under the D point of the AB=CD and then go to retest the daily Sma200
I also post shorts at DJ30 and Nas100 , all show strong tools that price need 2 go down.
Also, more tools that I don't have here at this chart are showing me that...
EURGBP can go easily to SMA200 weekly chart
From Sma400/300 to Sma200
Price touches the sma300/400 and makes a nice blue Engulfing candle
This Engulfing candle get a new high, and now the trade need to end at the Weekly Sma200
EURUSD can make easily a down move from sma300 to sma200
from sma400 to sma200 or a sneak attack above it and then fall
Take profit is 2 levels under the short position
Take profit of short 3 is short1
Take profit of short 4 is short 2
Same size any position you enter
*Price also can fall from SMA300 to a new low.
So we got nice pattern for long now, buy1 now buy2 on the breakout
Take profit 1 the high of the pattern 14K
Take profit 2 all-time high
I add stop loss but not have to use it because sma200 sma300 there to support the price if fall there, can buy there BUY3 and let market back to 7k and close profit.
Its a long time positions...