As we can see on the daily chart, EURUSD follows a head and shoulder pattern that already breaks the neckline, and the trend line as well, as a result, goes consistently down.
Also, it's running under the 200 EMA which is another strong confluence that the market is in a downtrend.
So, I'll enter the market after the final test at the neckline. My plan is to go only for short on this pair this week whether it's scalp setup or swing.
Thank you all.
Also, it's running under the 200 EMA which is another strong confluence that the market is in a downtrend.
So, I'll enter the market after the final test at the neckline. My plan is to go only for short on this pair this week whether it's scalp setup or swing.
Thank you all.