Looking to short EG from 0.84750
4H timeframe confluences:
*Intra-day bullish momentum has been broken with a strong push to the downside.
*0.84750 key level has been broken; however, the market has not yet retested this level for further downside.
*As there has been a shift in momentum, I am favouring short positions only.
*A pullback to 0.84750 to enter a short position in order to catch the next impulse move to the downside.
Trade = invalid if market closes above the 0.84750 level
4H timeframe confluences:
*Intra-day bullish momentum has been broken with a strong push to the downside.
*0.84750 key level has been broken; however, the market has not yet retested this level for further downside.
*As there has been a shift in momentum, I am favouring short positions only.
*A pullback to 0.84750 to enter a short position in order to catch the next impulse move to the downside.
Trade = invalid if market closes above the 0.84750 level
Note
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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.