EU is currently making a head and shoulders pattern on the 1H timeframe. It is also at a key level in the market and is making a double top on the 15 min. I already entered for the double top and will look to get 2 more entries at the retests of the Higher Low retests when it breaks those supports. Going to set my SL above those lower highs it makes and ride EU down to the last low on the 15min uptrend from before. Then I will TP all my profits and wait and see how price reacts at that level. EU could push up and continue this strong push though so make sure you use proper risk management. Target atleast 1-3RR!
If price does break I will wait for price to come back and retest it on the 4H to look for a buy entry, otherwise I am still sell bias.
Feel free to leave your opinions/comments below!
If price does break I will wait for price to come back and retest it on the 4H to look for a buy entry, otherwise I am still sell bias.
Feel free to leave your opinions/comments below!