EURAUD: Shorting forecast
Following up my weekly trade i've been monitoring price action on H1 for potential entries (or stops..).
There are a few important places I'll be looking at price action.
First stop is where the H1 trendline meets H1 S&R. If I get nice confirmation I'll take the move to the somewhat stronger purple line, and potentially to the 2 trendlines crossing.
Depending on price action the next few days, we'll be looking for more shorts. Especially in the shorting zone, where we can get a great risk/reward ratio.
If price decides to rise and close above the H1 trendline, shorts are invalid and we'll need more information.
There are a few important places I'll be looking at price action.
First stop is where the H1 trendline meets H1 S&R. If I get nice confirmation I'll take the move to the somewhat stronger purple line, and potentially to the 2 trendlines crossing.
Depending on price action the next few days, we'll be looking for more shorts. Especially in the shorting zone, where we can get a great risk/reward ratio.
If price decides to rise and close above the H1 trendline, shorts are invalid and we'll need more information.
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