JUST TAKE IT ;D
We fillled Inbalance in the 1h Chart,
Volume shows weakness of uptrend and
support of a potential downtrend.
SELL is placed on the wicks of an institutional
candle in a premium price region.
DON´T FORGET => Breakeven after some Pips
We have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity")
where price could keep pushing down or reverse.
We expect price to come up and retest the sniper zone (Marked in Purple) and head down to break them previous lows, to an old Reistance/support area.
Sell Limit @ 1.414
Stoploss @ 1.42
Take Profit @ 1.4
We have a possible sniper entry for EU, we have the sniper marked with blue arrow that is a break of lows to grab liquidity, we are expecting price to come down and retest the open of the bearish candle and head up towards the other sniper area.
As you can see the price broke the resistance trendline and i think its on its way to retest the broken trendline. i will be waiting for the retest and the go for a long.
my needed confirmations are an engulfing bullish candlestick on the 4hr chart.