(+90) week19 EURSGD D1 quick trade off shooting star ( recognizing price action from resistance)

week19 EURSGD D1  shooting star D1 possible resistance 080515

D1

After many up days, price did a shooting star, rejected near 2012 Low. Upon plotting a horizontal level,

I came to an observation that price was not able to close above 1.5000.

From there I build up the price action story that price attempted to break 1.5000 but failed in the process, forming a shooting star. Price might be looking to form up the inverted right shoulder.

H4

week20 EURSGD pivot at 15000 090515

come week20 I will be looking for more shorts upon retest. I see a high probability yellow purple combi which suggests a strong pivot from a resistance. There could be furthur downside.

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