EURUSD WEEKLY SHORT

is that a shooting star formation in the horizon?

You're damn right it is.

I'm going short till 1.06

Comment:

Looking at the weekly chart, the bearish candle has formed a bearish engulfing. expecting the price to fall to 1.058 for consolidation and a test of the rising trend line. TP should be around 1.058.

Comment:

I'm closing this trade and taking the profits for now. Price action looks to be changing towards the upside. Thanks to the inverted head and shoulder pattern on the daily chart.