1. The recent trend is down 2. The Trend is your friend 3. Breakout from the Ascending Triangle and now the price makes a retest the breakout area which should work as a resistance - Ascending is usually a bullish pattern and a breakout from upwards are more supported with this pattern than downwards but still, this is a triangle and the triangle may have breakouts to either direction 4. Confirmed Double Top chart pattern on 4H 5. Yesterday's candle close was almost as a perfect bearish Engulfing candlestick pattern 6. 1H EMA100 and EMA200 are on the retest area, Together!
Please, do not forget to support my idea post by hitting the "LIKE button! Thank You very much!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Trade closed: stop reached
⋅
Definitely failed trade. EUR decided to be super-strong today :) This is the market and it happens!
NICE BRO! I hope this pair burns to the ground! I was in short last night caught about 60 pips then closed. Woke up and it bounce way up again lol, Looking to enter another short soon.
VaidoVeek
⋅
@cryptoninjaz, thank You but is not so nice anymore because the current pullback goes too high and watch out if the ascending triangle breaks. It could be a bullish sign, EUR has taken some serious bull run today, unexpectedly but this is the market ;)
All the best!