Weeky reverse zone in approach

By agoraphile38
Updated
Diamond configuration in preparation (long) but we are approaching a significant resistance area (weekly/Monthly). 2 scenari :
- MT short on resistance area reaction (daily). Targets : 1.64/1.59/1.54
- LT buy after diamond exit + weekly confirmation (pull-back+reaction). Targets 1.75/1.79 and in extension the 1.9x zone.

Similar though cleaner to AUDNZD configuration 6 months ago...
Comment
We are in the zone. Beware of ECB communication today ! Risk of false signal.
Comment
This is cooking...
Trade active
Here we go. Entered short at 1.7034. SL above 1.72
Comment
One can partially close trade here at around 1.68
Chart PatternsTrend Analysis

Disclaimer