A beautiful reverse pattern in the EURUSD invites to a short trade. What are the signs for a short?
perfect evening star formation
CCI turns again below 100
overdue correction
changing monetary policy
How could a trade look like? There are several possibilities. Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718 Medium to long-term trade: Entry immediately, SL at 1.21 and TP at 1.15