Here is my step by step analysis for the EURUSD short I am calling. I have published my short reasoning on another chart which I have linked below.
I predict a daily chart EURUSD retrace
Here is the EXACT snipe entry to enter possible shorts. We shall see how this bold prediction plays out.
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WE ARE ON TRACK. The price action has followed my predictions perfectly thus far, it is now time for a new high, false break, then let the selling begin.
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Ah, a classic fundamental factor that destroys a chart. The idea was following according to plan-almost toooooo according to plan. However, we now have higher highs, this violent move does NOT change my outlook on EURUSD long term, as I have attached above. However, YOU NEED TO BE CAREFUL entering shorts, as we have seen this pair can blow up any time this week.
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EURUSD destroys. However, I never entered a trade to short. As you can see, I was waiting for the triangle break, which we never got, therefor, no harm no foul. No money was lost, but this idea is officially TERMINATED.