1. Major trend is bearish 2. We got break of triangle with nice forming 123 or ABC pattern (LL->LH->LL...) 3. 3rd touch of resistance trend line gives even more confidence. 4. Price is currently sitting on structure from previus swing low (support became resistance) 5. We also have fibonacci retracment 50%
Enter on D1 waiting for pin bar, engulfing or any candle which you trust... you can simply wait for heiken ashi D1 close below 23 trendline (break of 123)....For more conservative entry with even smaller stop loss enter on H4/H1 after 23 break.
We can see that EUR/USD has strenght today. So defenitely for valid shorts i will wait for lower timeframe 123 after break of D1 123
CryptoPAMM
⋅
quite similar, but I think it will go lower
FXProtector
⋅
I see yes. Probably it will go lower but i would have only 3rd target runing as long as possible. I always try to take 1st and 2nd target to the retest of previus swing low/high. If it will bounce on D1 retest you won't get nothing.
nice idea