We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines
A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks 1.1530. TARGET TP is a Possible 900+ PIPS Move @1.0570
MONTHLY Chart : Down Channel within a Bigger WEDGE > See CHART :
WEEKLY Chart : We can spot a Head and shoulder Pattern. And price is at/near neckline. > See CHART :
DAILY CHART :Down Trending!! With Price at Consolidation phase for last 2 months !! MAJOR move DOWNWARDS is expected . And we FAVOUR wait for a SHORT !! > See CHART :
B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT when PRICE breaks 1.1530 RIDE the SHORT Position for a BIG GAIN approx. 900+ POSSIBLE PIPS 1- ENTRY via PRICE ACTION watch. Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc..
BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT EURUSD . TARGET Profit 900+ PIPS RUN !!
3-2nd POSSIBLE TP TARGET IF TREND HOLDS is at 0.9595 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
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PRICE Broke our ZONE 1.1530. Currenlly at 1.14609. Will look for a PULL BACK to OR near Zone 1.1530. > OBSERVE a Bear CANDLE b4 ENTRY SHORT !!