Hello,
Here we have a possible Shorting opportunity. The Prime Reversal Zone. PRZ.
Is off a Daily Chart. We had a lot of movement up close to the area but not in yet.
With JPY news coming out later tonight. Look for Entry to sell in this area. On lower time frame you can look for a double top or Advance pattern to time your entry. I have placed trend lines where we could take profit. combined with
Reversal zones that are circled. With the last circle being the target. this set up leaves us with a 3:1 RR.
If this Pair happens to stop us out, Then we use the PRZ as an area to Buy in a retest zone.
Just an Idea.
Good luck.
Here we have a possible Shorting opportunity. The Prime Reversal Zone. PRZ.
Is off a Daily Chart. We had a lot of movement up close to the area but not in yet.
With JPY news coming out later tonight. Look for Entry to sell in this area. On lower time frame you can look for a double top or Advance pattern to time your entry. I have placed trend lines where we could take profit. combined with
Reversal zones that are circled. With the last circle being the target. this set up leaves us with a 3:1 RR.
If this Pair happens to stop us out, Then we use the PRZ as an area to Buy in a retest zone.
Just an Idea.
Good luck.