DreamBlood
Short

EUR/USD - Wave Riding, False Indications, Big Picture

OANDA:EURUSD   Euro / U.S. Dollar
Everybody seems bullish on EUR/USD , but I think otherwise. We broke the trend as you can see from the "Highs and Lows" analysis and the pattern that most people think is a "Inverted Head and Shoulders" is a false one, because they should be located at the very bottom to make an impact , now they just serve as a support zone , nothing else. No trades are full-proof and EUR can rise, but looking at the information that the chart gives us, shorting this pair is the wiser choice.

*Remember, you can not be 100% right all the time, but to be profitable in the forex market, you just need to maintain a winrate of 51%.

Good luck trading!
Comment: Sadly, we reached our stop-loss because of the news affecting the dollar, but this should not last for long and a new opportunity to short will come up.
Trade active: Like I said, it was only a stop-hunt, EUR/USD went straight falling down.
Comment: Massive profits, congratulations to everyone who got in!
Exactly. This can be a bearflag, and in a greater context, a part of a descending channel from the January 10 high. Today so far a nice daily rejection candle is forming.
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DreamBlood Domsax48
@Domsax48, 100% agree with you here and thank you for sharing your opinion.
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