I am about to short the pair as soon as I see a bearish evidence on H1 or H4.
It looks like the H&S pattern is nearly complete. Both targets shown in my chart.
Cheers
Jesse
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Will short if the current H4 bar engulfs the previous one.
My 1st target: 1.59300
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Notice how volume is increasing while price is going down
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Trade closed: target reached
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Ok things are getting serious now ;-) Let’s wait a successful test of the neckline and then short it again. This time it should fall even harder. But this trade is not yet in place.
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===> Trade to come, IF the neckline is successfully broken. No rush for the moment :-)
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Hey guys,
Big macro day today.
For those of you trading, here could be a nice small trade.
H&S completion pattern, rejection at the right leg, sell only if it breaks the trend line downwards.
we need to wait the break and retest of the neckline ?
SwissPips
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@AymanLouaar, Yes it's already a good candidate for a short. Thanks for commenting !
crushbeat
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it is going up...
SwissPips
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@crushbeat, hi, as I said one should wait for a bearish evidence ideally a pin bar on H4.
SwissPips
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@crushbeat, or the current h4 bar, let's wait to see if it's gonna last and engulf the previous one. If so, I will short. Cheers
crushbeat
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@SwissPips, yeah it is pretty nice to short EA from this area.. your H&S is very well clear. thanks
SwissPips
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@crushbeat, the blue area is the ideal short zone as you can see price is being rejected in this zone which is a good thing to validate the H&S pattern