The price did not go down immediately with the strong drop of CMF (proof from volume) and the divergence of the previous 2 highs (proof from price). I also did a double confirmation that both AUDUSD (broken ascending channel to downside) and USDJPY (strong bearish momentum) seems bearish to me, which gives me more evidences to enter this position.
Price currently wandering around pivot point, seems to be forming the right shoulder. If it does not reverse at P, it should do around 75.6.
My setup:
I would decide my entry at the end of this 4H candle, but the price right now seems to be a decent entry too tbh.
SL: 76.02 (Safer - R1); 75.61 (More aggressive - left shoulder as resistance)
TP1: 73.29
TP2: 71.83
Price currently wandering around pivot point, seems to be forming the right shoulder. If it does not reverse at P, it should do around 75.6.
My setup:
I would decide my entry at the end of this 4H candle, but the price right now seems to be a decent entry too tbh.
SL: 76.02 (Safer - R1); 75.61 (More aggressive - left shoulder as resistance)
TP1: 73.29
TP2: 71.83