A short setup in EURUSD emerging, based on long covering at important pivot levels.
The price is just below the MAX FAKE level, if it spikes up and does not close strongly above, there is a great potential for a downside move, which will be forced by covering of traders convinced by a continuation of the uptrend.
My analysis shows up possible entry levels and exit levels.
If you want to know more about my trading setups and strategies, be sure to subcribe to my YouTube channel: bit.ly/17jWiog.
Petr
The price is just below the MAX FAKE level, if it spikes up and does not close strongly above, there is a great potential for a downside move, which will be forced by covering of traders convinced by a continuation of the uptrend.
My analysis shows up possible entry levels and exit levels.
If you want to know more about my trading setups and strategies, be sure to subcribe to my YouTube channel: bit.ly/17jWiog.
Petr