Short : 3 options

16 mai 2023

Here is an interesting chart. I put a few options here.
I usually don't trade figures like head and shoulders but there is something along those lines. It is also right on a pivot so there is a possibility of a reversal there.

However, I am more interested in Entry 1 and 2.

If the first one and the second ones are breached, I think entry 2 shows an area where price might want to reverse. Keep in mind that for those trading intra day and happy with a quick 20-30 pips, the 3 zones of with a yellow circle could generate a quick short.

17 mai 2023

Note

Nice little reaction of about 36 pips from my first short entry area. I don't trade intra-day but for someone trading heavy it is probably a cool trade. I am looking to get in around the top two circles.

17 mai 2023

Note

I was pretty sure price would only react at the first circle then push up. For the record i did take a small entry at around 0.86.