YES? lol ;-) short 2 @ 1.6349 +another 48 @1.6427(=MAJOR FIB+End-o-month)= closed half @ soft PT 1.6345 (M2 of Daily Pivot+21Ema 4hr:) Now SL breakeven let it runaway or it stand back up??? lets see. Thanks Again Crazy:-) ill b useN ur set up in combo with price action. ScoTT2bFree
Pattern completed + Pin Bar reversal ?
Next resistance area is 1.6620... on the way.
Nice Set up!! i would like to note if its :-ok ? that 1.6427 is .382 fib retracement of the big drop from all time highs 11/07 to lows 01/09 :~) im going to stay light on this short tho until we break back under the 4 year trend line we just blew through....sediment wasnt there at trend line break with over70% retail traders short believe it will improve. should we reach 1.6427 ill load up short with tight stop then add more below 1.6250 hopefuly even if this fail i still realy like the set up:-)
Shorting from PRZ should be ok with tight SL
Last trade day of Nov. that ups the probability just enough to take a modest short position here...maybe there is the down gap potential
Heading to new Potential Reversal Zone @ 1.6400
"Thank you, almost there" ...modesty is the mind!
If you want to find out more please refer to my blog and check "Price Action"
Waiting the pullback @ 1.5909 to add short.
1.6250: Potential Reversal Zone
Double top + Doji Evening star on weekly... Hold your shorts until 1.5800 at least
Weekly and monthly charts are bullish but daily starts to draw a RSI divergence and price hit BB up for the pullback of the pattern
see if this prediction is confirmed;) at the moment is 18k profit, but still not close my position at the moment ;)
We have an doji evening star on TF4 and market might print the same figure on Daily. Confirmation will be given by end of next monday.
Outside - Inside - PullBack Combination on BB up
Let's see if BB up plays at support... otherwise, market will do the Inside move.
Number 3 is the next target.