Wednesday 1st May
EUR/AUD Short trade idea before
Weekly TF- last week a Shooting star closure below 1.58675
Daily TF- Major Resistance zone at 1.61060/ shooting star on 10th Jan/ Bear engulf on 7th March plus multiple rejections around that zone
Daily TF- Swing low-high counter trend line, currently we are retesting the trend line.
EA is back into the highs of high wick liquidity zone, previous wick rejections implying that this could be another hit back/ retest of the swing low-high C.T.L.
1.60100 key psychological level seems to be the avenger of this supply resistance barrier. If the Daily closes below as previous days candles EA will die before NFP or during NFP.
EUR/USD short trade idea before
Daily TF- Downtrend, swing low to swing high counter trend broken
Daily TF- 2 touches on the downtrend line, we may be approaching for the 3rd trend line touch, Ema’s facing to the downside
Daily TF- Fibonacci 0.618-0.71% retracement
H4- Key psychological level 1.12600 was also a previous market bear run resistance zone.
H4- sell divergence being built
H4-1.12300 is also another resistance holding previous shooting star.
EUR/AUD Short trade idea before
Weekly TF- last week a Shooting star closure below 1.58675
Daily TF- Major Resistance zone at 1.61060/ shooting star on 10th Jan/ Bear engulf on 7th March plus multiple rejections around that zone
Daily TF- Swing low-high counter trend line, currently we are retesting the trend line.
EA is back into the highs of high wick liquidity zone, previous wick rejections implying that this could be another hit back/ retest of the swing low-high C.T.L.
1.60100 key psychological level seems to be the avenger of this supply resistance barrier. If the Daily closes below as previous days candles EA will die before NFP or during NFP.
EUR/USD short trade idea before
Daily TF- Downtrend, swing low to swing high counter trend broken
Daily TF- 2 touches on the downtrend line, we may be approaching for the 3rd trend line touch, Ema’s facing to the downside
Daily TF- Fibonacci 0.618-0.71% retracement
H4- Key psychological level 1.12600 was also a previous market bear run resistance zone.
H4- sell divergence being built
H4-1.12300 is also another resistance holding previous shooting star.