EURUSD finally hits 1.14, completes big bat and smaller shark
Last week, I wrote about shorting eurusd around 1.14.
I need to see a nice exponential volume happening around this area for a trend reversal to occur.
It happened last night even though I am not aware of what happened.
In the hourly time frame, it also completed a shark pattern, so I have shorted both eurusd and audusd today.
Stops will be at the 1.27 level of the bigger bat (See related ideas)
TP will be based on AD 382 of the big bat.
This upsloping trendline is critical, if price cannot break below this trendline , I might TP earlier and re-enter on a type 2.
good luck and good trading!
I need to see a nice exponential volume happening around this area for a trend reversal to occur.
It happened last night even though I am not aware of what happened.
In the hourly time frame, it also completed a shark pattern, so I have shorted both eurusd and audusd today.
Stops will be at the 1.27 level of the bigger bat (See related ideas)
TP will be based on AD 382 of the big bat.
This upsloping trendline is critical, if price cannot break below this trendline , I might TP earlier and re-enter on a type 2.
good luck and good trading!
