EURUSD can currently go in either direction so we need to wait and see how we develop.
In order to take shorts, we need to see a break of our H&S and for further confirmation, a breakdown below our support of 1.1515.
In order to go long, we need to break our descending triangle to the upside.
Both scenarios are currently very possible so the best plan of attack is to wait and see how this pair develops.
In order to take shorts, we need to see a break of our H&S and for further confirmation, a breakdown below our support of 1.1515.
In order to go long, we need to break our descending triangle to the upside.
Both scenarios are currently very possible so the best plan of attack is to wait and see how this pair develops.
Comment:
Still no active trade.
Trade active:
Longs are active.