EUR/USD: Possible short opportunity in the coming weeks
MA100 is getting close, trendline also, possible resistance from former high...
And then there's also this possible AB=CD completing in the same region...
Enough reasons for me to go looking for shorts in the region depicted by the circle. Switching to smaller TF's now in search of ending structures, exhausting momentum etc...
Trades on chart are examples only, the actual entries will be different, it all depends on where some of the forementioned signals will be in confluence...
And then there's also this possible AB=CD completing in the same region...
Enough reasons for me to go looking for shorts in the region depicted by the circle. Switching to smaller TF's now in search of ending structures, exhausting momentum etc...
Trades on chart are examples only, the actual entries will be different, it all depends on where some of the forementioned signals will be in confluence...
Komen:
We might be closer to a short setup than initially thought, keep this in mind:
