Short

Updated

Nice shortchance?

Reached action point... Seems like a classical 1-2-3 short ! Easy? Let`s see ... :-)
Best Regards
Mary

Note

The RSI signs a possible Ross Hook like illustrated

Note

Here is the Retest:

Note

intraday fake:

we need a candle below this level in the daily chart! for a "real" selling signal

Note

The daily candle is nearly a reversal candle : A HAMMER! Let`s see where the candle will close...

Note

wiki: en.wikipedia.org/wiki/Hammer_(candlestick_pattern) A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.

When you see the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.

After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.

Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.

Note

No selling Signal yet...it seems that the pair will build a triple bottom...the Long has a very nice crr - but i don`t believe in it. The trenddynamic is still clear bearish

Note

Here we go!!!!!

Note

crazy

Note

black swan was here..

Note

i would prefer staying short as Long as we are trading below 1.748

Note

crazy

Note

Monstertrade!! Many Pips!

The_Cannalyst

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.