This is the 1h eurusd chart.Price is still hanging around below resistance/supply area and is not showing any momentum to the downside im looking for price to break below the upwards sloping tl and will look for an short signal after the break and if it breaks I will look for an break out pullback to enter short , the break have to be with momentum and the pullback have to be with slower momentum then the break.
another option to enter short is for price to go higher again to resistance (last months high) slower then the previous move down this option is with smaller risk and SL have to be set to breake even when first target is reached TP1 can be set at the TL,and if price breaks below the TL with momentum then we can keep the trade open and if it stalls we can exit the seconde portion of the trade.
another option to enter short is for price to go higher again to resistance (last months high) slower then the previous move down this option is with smaller risk and SL have to be set to breake even when first target is reached TP1 can be set at the TL,and if price breaks below the TL with momentum then we can keep the trade open and if it stalls we can exit the seconde portion of the trade.