Short

Possible? down trend

Updated

Going down? looks like some more downside, looks to want to break current demand zone, and move below for a test, if that breaks only place to go is lower for more orders, or even break the area to trigger orders

Note

2 moves confirmed so far, just need enough supply to come in, and push price lower...

Note

Watching the next zone to be hit, for a S/R flip down to the lower area, or maybe even a flush on Wednesday , for the EUR consumer inflation expectation report??

Note

Equal lows? inside zone, lets see what tomorrow meeting holds for sentiment,

Note

4 moves confirmed, looking to see what next week holds for this swing, check interests, and then see if we going lower to the prior DZ, or if the market will respond next to the SNR FLIP at the 1.06 area

Note

5 moves hit, I would be exiting trade, and waiting for action on the 1.08 (blue line) for a test, and possible continued to lower DZ

Note

Expected move to 1.08,
waiting for= if SUPPLY will come in_(1.08 area) and show willingness to go to lower DZ, inside the October LOW

Note

Today shows good reasoning why to have exited trade 2 days ago, like explained, in this area, I would like to see BIG supply come in and make the move lower, if a COC(change of character) is present instead, watch the for nonfarms, + unemployment(US) reports tomorrow for further, hints on the move

Note

re-entry to short- 1.08185, stop above 1.08335, Target 1.07320

Pending reaction at 1.07320, will decide to exit, and stay on the sidelines, or stay into trade to go for lower DZ, and pull profits, in stages to breakeven

marketmechanix

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.