We are now short biased on EURUSD. The dollar roared last week and if you didn't catch the last trade set up you missed out big! (shoulda followed me)
But fear not, this weeks major move is starting to shape up. With no pressing news this week the trend should continue down. This setup as shown itself as a possibility.
A small head and shoulders has appeared on the 4hr time frame and with a break of the neckline now you may look for buys on the 15min/1hour only. This should lead into at retest of the 1.20 area where sellers are sure to come in strong. There is a bit of imbalance slightly above at 1.205 so do not fear if we get a quick run up to that area. Set your stop losses far out of that range and manage risk accordingly.
<3 Happy trading friends.
Like/follow/tip/share/ all that bs
But fear not, this weeks major move is starting to shape up. With no pressing news this week the trend should continue down. This setup as shown itself as a possibility.
A small head and shoulders has appeared on the 4hr time frame and with a break of the neckline now you may look for buys on the 15min/1hour only. This should lead into at retest of the 1.20 area where sellers are sure to come in strong. There is a bit of imbalance slightly above at 1.205 so do not fear if we get a quick run up to that area. Set your stop losses far out of that range and manage risk accordingly.
<3 Happy trading friends.
Like/follow/tip/share/ all that bs