EURUSD is nearing the PRZ of a bearish bat in a significant area of S/R. MACD is also printing divergence in addition to RSI being overbought. A missed weekly pivot sits below price and is confluent with a larger .5 retracement. Entry is placed at the bottom of the PRZ with a SL above 1.13XA and targets at .618CD and the missed weekly pivot.
Confluence in the PRZ:
Confluence in the PRZ:
- Bearish bat pattern completion
- 2.5AB=CD
- 2.618BC projection
- S/R Zone
- RSI Overbought
- Bearish MACD Divergence
- Missed weekly pivot below price
Bình luận:
Thank you to Jhakas who pointed out the 20 week EMA! It is confluent with the PRZ and may add to the resistance in this area:
Giao dịch đang hoạt động:
Trade Active: Short EURUSD at 1.09665
Giao dịch được đóng thủ công:
Trade closed manually due to Bullish close above PRZ/EMA. Will look for possible re-entry later.
Giao dịch được đóng thủ công:
Wrong chart:
Giao dịch đang hoạt động:
Active again manually, entry at 1.09675. Same SL and TP.
Bình luận:
Beautiful drop! Half profit taken, +90 pips! SL moved to B/E for second half.
Bình luận:
Trade is still active, 2 more bearish bats have completed on shorter TF's.
Đóng lệnh: đạt mục tiêu:
Traders who held - T2 Achieved: +174 Pips