TradingView
BretRamkey
Jul 29, 2018 3:51 PM

eurusd short--- flag/head and shoulders pick your fav. Short

Euro Fx/U.S. DollarFXCM

Description

lots of bearish momentum going on with EURUSD dollar right now. had a few ideas wrong last week but after looking at the daily chart it is clear i was thinking too short term. This setup seems to be a pretty safe play going off of the flag pattern. set up a sell stop at the low of the flag and a SL above and let this ride down to

this also has the potential to retouch the shoulder resistance so i would wait this one out and watch for the pair to break below the flag and then bounce before entering anything.
More