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Breakandretest

GBPJPY SHORTSGBPJPY has broke its counter trend and has also broke out a S/R lvl @ 150.318 i am simply looking for a retest of the underside of this lvl and if price action looks clear ( hammer candles, shooting starts , engulfings etc) i will be looking to short this into recent lows aiming for 149.386 confluences for this trade 1. trend break with acceptance below 2. 0.618 fib sitting on our lvl of structure 3. atr for today is also in the zone we are looking to short this is not a limit order i will be waiting for price action.
Short
by jedbachen
Trades for today: EURUSD, EURGBP & USDCHFApologies for not posting prior to entry but as I've had a couple of bad EU trades posted, I didn't want to distract in case the price action didn't go as expected. EU: Finally got my short for EU. I entered last night and nearly stopped out. And then scaled in before going to sleep. Looking to scale in again after a clear break and retest of 1.2 level. USDCHF: Expecting a correction on this pair. As the price was accumulating nearing the trendline, I was expecting a counter trend trade. I took a high-risk entry prior to the breakout. EURGBP: After multiple breaks of structure, I entered a short following the consolidation. All trades are trending in the right direction. And expecting continuation as DXY is finally showing strength. Expecting DXY to break the trendline and continue up. Watching cautiously as it is approaching. I was also looking at AUDUSD & NZDUSD for shorts but as both currencies are quite strong against the dollar, decided to pass on them. Luckily I didn't enter as both of those pairs have gone up even with the DXY strength. Let me know your thoughts. Trade Safe! HEET
by AfterlifeTrading
EURUSD could start its descent from hereFor the last week, I've been anticipating a drop in EU, and now, it finally looks like the bulls are starting to lose strength. The resistance zone has been retested multiple times since yesterday and failed to break above. I am expecting one more push down completing the H&S before the next wave up. As of now, the price hasn't even started to break any important levels and that is why this idea is for preparation in case it does. Another spike up in the equity markets could push DXY down triggering EU to break above the resistance zone. Support for this idea: Minor order block looks like it might break any moment. (Bigger order block structure has to break below 1.195) Break of minor trendline support LTF trendline support is not far below Looking for the H&S structure to complete before the next wave up Start to look for price action to push EU down and look for safer entries or scaling in, with a break below the bigger order block and LTF bullish structure around 1.95 & retest around 1.96. Just a note, I already entered this trade with a high-risk entry at 1.199. If it breaks below 1.95, I will be looking for scaling in entries. Invalidation for this idea would be a break above 1.2. Let me know your thoughts. Trade Safe! HEET
Short
by AfterlifeTrading
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