Key Level Trade Setup -- Major Resistance Level May Be Respected
First, this is nice that it's sitting on a weekly key level. Second, where price stopped also looks to respecting a major level of structure according to the daily.
I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too.
BEAR TPS:
• 139.698
• 139.164
• 138.236
• 137.708
• 136.542
BULL TPS:
• 141.621
• 142.320
• 142.768
• 143.718
I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too.
BEAR TPS:
• 139.698
• 139.164
• 138.236
• 137.708
• 136.542
BULL TPS:
• 141.621
• 142.320
• 142.768
• 143.718
Trade active:
MAD!! Forgot to mark up the 4 hour zones for the chart and missed that bounce off. I'm looking at this in the Asian session and noticed it's rejecting the 137.976 area for a possible continuation to the monthly. Have to wait out and see will it hit the final BEAR TP.
Trade closed: target reached:
FINALLY! All BEAR TPs hit during London session September 10th, 2020.