In my view EURUSD on daily is in ranging period with a little bearish bias. I was looking for entering a range trade where upper boundary is the rejection from 1.32014 and support at 1.27384
I think a head & shoulders pattern was broken on a 4H chart, this prompted me to enter the trade.
CONS: The stop loss might be a little tight for this trade as it wasn't placed above the right shoulder but at smaller correction level 1.3080
I think a head & shoulders pattern was broken on a 4H chart, this prompted me to enter the trade.
CONS: The stop loss might be a little tight for this trade as it wasn't placed above the right shoulder but at smaller correction level 1.3080