Waterfall Is Not Over Yet.
Instrument: [EURUSD]
Time Frame: H4 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow Moving in a downward trend.
2. Trend has consistently respected Resistance and Support Zone many times with instances of reversal.
3. Several Break Of Structure were also formed in downward trend
4. Fake Breakout was also identified their with the help of smart money concept
5. Current price action shows respect for the Support zone.
6. Fast moving E.M.A line is still below the Slow E.M.A line indicating further downward trend.
Trading Strategy:
We have confirmation of Sell by two stratigies. One is price action and other is smart money concept. So, stay with sell
Sell Entry Zone: 1.07930_1.07940
Take Profit1: 1.07760
Take Profit2: 1.07580
Take Profit3: 1.07400
Stop Loss: 1.08120
Time Frame: H4 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow Moving in a downward trend.
2. Trend has consistently respected Resistance and Support Zone many times with instances of reversal.
3. Several Break Of Structure were also formed in downward trend
4. Fake Breakout was also identified their with the help of smart money concept
5. Current price action shows respect for the Support zone.
6. Fast moving E.M.A line is still below the Slow E.M.A line indicating further downward trend.
Trading Strategy:
We have confirmation of Sell by two stratigies. One is price action and other is smart money concept. So, stay with sell
Sell Entry Zone: 1.07930_1.07940
Take Profit1: 1.07760
Take Profit2: 1.07580
Take Profit3: 1.07400
Stop Loss: 1.08120
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