H1/H4 Short trade opportunity pre-NFP event...

A potential short/sell trade opportunity with a potential authentic bearish bat pattern completion @88.6 XA. Entry, TP, SL, and POR as seen in the chart. Trade with care, good luck!

Note: This is also a hedge trade against the AUDCAD pair (Check the Link to Related Ideas).

Legends:

Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR)
Green line: Target profit order (TP1 @ 0.382/TP2 @ 0.618)

تعليق:

In the daily TF, there could be a possible H&S pattern formation. A winning trade, will confirmed our H&S pattern.