Based on Supply N Demand technique , the possible entry due to continuous support n resistance plus a drop base drop pattern nearby 109.760. A high potential SELL at this zone as it confluence with the other SNR zone and quasimodo, fakeout and compression pattern.
This pattern possible is under the category of Quasimodo where in H4 a high and higher high plus a fully engulf trend until level 121.000. Price in final compression heading its way to Quasimodo Level and prepare for the entry.
Fakeout pattern detected around 108.500 as the SNR (support n resistance zone) that cheat the retail traders to entry around this region.
So in conclusion , with fakeout + compression + quasimodo pattern (H4 timeframe) = large chance for SELL.
*be advised to adjust the level to fit the need for layer or offset by adjusting few pips for trigger the pending order.
** those who confident you can go full margin , those who don't you may stay within the money management range.
This pattern possible is under the category of Quasimodo where in H4 a high and higher high plus a fully engulf trend until level 121.000. Price in final compression heading its way to Quasimodo Level and prepare for the entry.
Fakeout pattern detected around 108.500 as the SNR (support n resistance zone) that cheat the retail traders to entry around this region.
So in conclusion , with fakeout + compression + quasimodo pattern (H4 timeframe) = large chance for SELL.
*be advised to adjust the level to fit the need for layer or offset by adjusting few pips for trigger the pending order.
** those who confident you can go full margin , those who don't you may stay within the money management range.