Today the EURUSD
is giving us a possible short trade before the long awaited market continuation, The RSI
BAMM is confirming the move lower, a possible retracement may occur but the trend lower will continue until the price reach the bottom of the AB=CD
pattern. To trade this we must observe the PRZ price action so that we can identify if the pattern is correct. Again any gap or extreme down leg in this area will invalidate the pattern.
Going long should be done conservatively and should not be greedy, Taking profits on the 1st target is recommended, but if your feeling lucky the 2nd target in not a bad idea.