wee would be getting our entry either this week or the beginning of next week
after a big down momentum, we will be looking for a short entry in the week...
i couldnt post the analysis before entering the trade as my computer was taken away from me, but we took this trade and it perfectly evolved till TP after 2 days...
IF PRICES HAPPENS TO SUCCESSFULLY BROKE THE ZONE AND MAKE A LAST KISS, WE WILL GO DOWN
WE EXPECT A GENERAL DOWNTREND BUT NOT BEFORE A PULLBACK.
we actually heading down, as we have overall downtrend, i would have definetly sell as its a good opp, but tommorrow news dont let me access the trade but i ll be looking forward to what the aussiedollar does.
afteer a big lean drop on the pair, i expect the price to start the uptrend as in major timeframes this downtrend its seemed as a pullback... also non commercial institutions are selling the yen and buying the euro which can back us in this bias... my entry would be as shown in the chart...
risky trade i hope i dont regret...
graphed zones on H4 and H1, trend change that is leading us to the short after a succesfull market structure continuation we follow the ftb and so lets see what happens.
we might be having our short in uj finally, we have all edges in favor, the only risk are fundamentals nevertheless, that shouldnt change the trend and so our bias...
early spot... was tooo low already, needed a pop