Following our daily and weekly overviews (www.tradingview.com/...Short-Opportunities/), on the 4hr timeframe it seems that we are having a great short opportunity.
After a first impulsive movement to the downside, in fact, we can clearly see that the pair is consolidating in a flat formation ("abc" correction).
As always, we never know if it is going to be a "regular" flat, or an "irregular" flat, therefore we have to monitor price action on the 4hr and 60min timeframes to identify a potential sell setups with the best R/R ratio. Watch for 60min ending diagonal-type formations and sell the break of their trend. This is a great trading opportunity, for this year, as the R/R is above excellent and we are expecting the pair to retest the 1.35 area, so don't miss it.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
After a first impulsive movement to the downside, in fact, we can clearly see that the pair is consolidating in a flat formation ("abc" correction).
As always, we never know if it is going to be a "regular" flat, or an "irregular" flat, therefore we have to monitor price action on the 4hr and 60min timeframes to identify a potential sell setups with the best R/R ratio. Watch for 60min ending diagonal-type formations and sell the break of their trend. This is a great trading opportunity, for this year, as the R/R is above excellent and we are expecting the pair to retest the 1.35 area, so don't miss it.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.