On the Monthly chart, we are making clear LLs and LHs. We have some pips left before i do encounter my Monthly Buy zone. Also we have not a Fib completion yet. All these are clear indications for a Short set-up.
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Same story on the Weekly chart, making LLs and LHs. We have formed a 'Bearish W' pattern protected by a Descending trend line and rejecting the 61.80 Weekly Fib. Weekly -27 Fib aligns with our Monthly Buy zone.
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On the Daily chart, we have received a clear Bearish impulse as indication. We will potentially form a Head & Shoulders pattern and retest the previous structure as confirmation on the Daily chart. Clear Supply & Demand zone at the region of interest (61.80 Fib).
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On the 4H chart, we do expect price to form the Daily Head & Shoulders pattern. We want the price to approach our zone of interest correctively. If price approaches impulsively we want clear deceleration before considering a Short set-up.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.