I Dont often trade this market but to me it looks like a good short setup for the coming weeks. I probably wont go for an try right away on this pair as we have had a decent gain on the weekly candle and no real rejection on the daily and lower timeframes for me to entry short on market open. Will probably watch this session up until london open session on monday...
Wait for a test and rejection from 4HMA to make a new LH and thus start the run down to new daily lows.
Euro usd potential log setup forming- not quite ready yet i dont think we will be able to cleanly break away from current price range until after NFP on friday but will be keeping an eye on this pair as i believe we could see a large push to the upside after maybe a couple of days of consolidation. Again no entries for this pair yet - just posted the position to...
Hi all! Looking at shorts on EJ - have been caught out a couple times entering early recently so will set a pending order for this setup. Pretty simple - 15m Structure break to upside with a sharp spike to entice buyers into the market and grab some much needed liquidity before heading down to test previous daily lows around 120.900
Hopefully grab a few pips on this as we have failed yet again to break upside resistance, I can see price needing a deeper pullback before heading higher.