Hello everyone this is my idea for EURUSD on daily time frame .. we could have a head and shoulder bearish formation if our conditions are matched ..
Few things why we possible wanna short this pair is ..
Red line is being very strong resistance .. every time price reject from this trend line ..
Price could make a bearish head and shoulder ... if green line is broken and our formation is unfolded .. as shown below
RSI show uptrend broken when price came to test the broken uptrend it got rejected which support our idea ..
so our entry should be if price make a daily candle close below green line and when price come back to retest the green line ( our pattern is unfolded )
our stop loss will be a daily candle close above red line ..