stockmarketdaytrader

Euro Is Heading Down

Short
FX:EURUSD   Euro / U.S. Dollar
We have a short play here, looks like we have a head and shoulders pattern that just formed, and prices started to head down breaching the neckline, and other forms of resistance! We have a trend line break here. Price action has found resistance at a pivot level, and started to come down! I can see significant candlestick patterns forming just before price is making its move! On the 30 minute chart we have a nice railway tracks that are telling us prices will drop right now! The railway tracks are right at a pivot level, which confirms resistance is found and price will drop! On the hourly chart price action used a previous resistance line to start heading down! This is a short term trade

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