LOOKING TO SELL

1. Price has broken the inside bullish trendline and is retesting it
2. Head and Shoulder has been formed, and price has retraced into the 0.5 fib level in the H&S structure
3. H1 Stochastic is in Oversold region and has divergence

If price is rejected by the H1 Kumo cloud and closes bearish, I will take a short position with half lot.
I will add another half lot if price breaks and closes below the minor counter trendline (green line) and the 0.382 fib level.

SL above 1.5580 (preferably 1.56000)
TP1 @ 1.5460
TP2 @ 1.5400
TP3 @ 1.5330
Final Target @ 1.5200

It may involve many retracements before getting to our final target.

Trade with care, plan your trade and trade your plan. All the best traders

Komentar:

W1 chart outlook... Price at a Previous Resistance Zone. There could be a retracement to the main bullish trendline (and previous high) before a further bullish move to point D for the ABCD completion.

All the best traders.

Komentar:

Waterfall..... +50pips already... :D
Manage your trades well, guys....

Komentar:

Waterfall..... +50pips already... :D
Manage your trades well, guys....