PetarJacimovic
Short

Intraday stop loss hunting by professionals > Bearish view

FX:EURUSD   Euro / U.S. Dollar
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8
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I found classic stop loss hunting of intraday traders. There is a fake breakout of yesterday's high and most of the retail traders went long but market makers decided to close most of the stop loss orders before they reverse. I see EUR/USD bearish today. Downward target is set at the price of 1.1170. The key element in successful trading is simplicity and smart observation. You don't need any fancy indicaotrs or stuffs. ONly Clean head and rational observation.

Trade safe,
Petar
Spot on imo thats what i predict. Good luck
Reply
@walter63, Thank you, there is a bearish flag even today, it looks that sellers want to continue to work on the lower price.
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