EURJPY H4, possible short trade!
Confirmations:
- Possible Head and Shoulders pattern (right shoulder currently forming).
- Price could possibly hit the H4 trend line for a 4th time before selling.
- Break and possible retest in this same zone.
- Multiple lower highs which could signal a change in trend.
All of the above confirmations combined create an "energy zone" based on my trading strategy. Therefore, this seems like a high probability trade setup which can turn into a nice sell back to the green H4 support zone . If you look to the left of my chart you would see that price previously made two hits to this zone before skyrocketing into a beautiful buy. That is why I chose this area as my potential take-profit zone.
- Possible Head and Shoulders pattern (right shoulder currently forming).
- Price could possibly hit the H4 trend line for a 4th time before selling.
- Break and possible retest in this same zone.
- Multiple lower highs which could signal a change in trend.
All of the above confirmations combined create an "energy zone" based on my trading strategy. Therefore, this seems like a high probability trade setup which can turn into a nice sell back to the green H4 support zone . If you look to the left of my chart you would see that price previously made two hits to this zone before skyrocketing into a beautiful buy. That is why I chose this area as my potential take-profit zone.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.