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Smctrading

EURAUD looking for sell at Supply ZoneBased on the chart, it is evident that EURAUD is breaking its previous upward trend, which is referred to as the CHoCH (Change of Character) pattern. The currency pair has created some liquidity and subsequently breached it. Currently, it is attempting to retest the supply area at the 0.786 Fibonacci level. Additionally, it is worth noting that the 0.786 Fibonacci level coincides with a supply zone and a previously broken resistance area. Considering this information, it would be beneficial to adjust the timeframe to identify an entry point if EURAUD reaches the supply zone area.
Short
by penguintraderx
BTC: 2 escenarios, 28.3k or 22.5k.HTF = H4 i) Confirmed High @ 31006.97 ii) Low: - opt1.waiting for confirmation @ IDM = 28308.59. - opt2. waiting for being sweep @ 25804.91 ########################################## LTF = m15 I have entered in short position after the price got rejected once again on the current IDM and previous local High... ATM BTC is showing some weakness holding prices so I will project the TP in 2, next valid OrderBlock and the one under... as great target ~ 22.550 USD. ########################################## SL is quite reduced but Im trying to expose as few capital possible and expanding the earnings... but after all, its just a game of possibilities...
Short
by tradingandrhythms
3