EURUSD has just broken lower from a flag pattern and it looking to retest the flag.
We expect price to consolidate a little before bouncing off the next major support level for a great trade.
The overall trade is still Short, but there is a reversal pattern for a quick scalp back into the flag pattern for those brave.
Our recommendation is waiting until a new clear pattern forms, which will most likely occur at the next major support level below current price.
We expect price to consolidate a little before bouncing off the next major support level for a great trade.
The overall trade is still Short, but there is a reversal pattern for a quick scalp back into the flag pattern for those brave.
Our recommendation is waiting until a new clear pattern forms, which will most likely occur at the next major support level below current price.