Hello and welcome to my another forex Idea, this time looking again at EUR/USD.
So the price has found resistance at the resistance area and now is falling down, short the breakdown or try to short the resistance area if there is going to be another retest, but it doesn't really look like it now.
The price is repeating a pattern (see A.).
E/U is still in uptrend, so at the Take profit level, I am opening another long entry.
Good luck with your trading!
So the price has found resistance at the resistance area and now is falling down, short the breakdown or try to short the resistance area if there is going to be another retest, but it doesn't really look like it now.
The price is repeating a pattern (see A.).
E/U is still in uptrend, so at the Take profit level, I am opening another long entry.
Good luck with your trading!
Comment:
5 min head and shoulders, this a signal here we go!
Trade closed: target reached:
Take profit hit!
Comment:
5 min bear signal! DXY might see a leg up.