Diamond configuration in preparation (long) but we are approaching a significant resistance area (weekly/Monthly). 2 scenari :
- MT short on resistance area reaction (daily). Targets : 1.64/1.59/1.54
- LT buy after diamond exit + weekly confirmation (pull-back+reaction). Targets 1.75/1.79 and in extension the 1.9x zone.
Similar though cleaner to $AUDNZD configuration 6 months ago...
We are in the zone. Beware of ECB communication today ! Risk of false signal.
This is cooking...
Here we go. Entered short at 1.7034. SL above 1.72
One can partially close trade here at around 1.68