SNR
Short EURUSD at 1.05864There is a "narrow" candle just before a downward "STRONG" move!
Since it took only "1 hour" for the price to pass through this prices, there might be still some inactivated orders there!
Also some economical reasons has moved the market from the zone that might still be authentic.
The price has perfectly gone far away from the zone.
the Higher time frame is " Strongly BEARISH"
There are strong buyers at 1.04! So watch the market carefully!
GBPUSD Short! Trend is Bearish regarding daily analysis.
There is a broken zone around 1.2437
The zone was broken by an engulf which leads to a base and a DBD!
The first shorting chance was around 16th of Jun.
A new SR has been formed there
A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it.
We see a compression in the bullish move and the zone may work again.
There might be some long option at the green zone nut enter them after a confirmation.
For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !