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...
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We are in the zone. Beware of ECB communication today ! Risk of false signal.
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This is cooking...
Trade active
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Here we go. Entered short at 1.7034. SL above 1.72