for those who missed selling opportunity from a higher level on eurusd
I have another potential trade:
we have a completed h&s pattern with a wide neckline around 1.118.
if bears break this level, for us it is a good chance to catch a movement to 1.113 market low,
with potential continuation to lower levels.
market is entering a significant support area around 0.69 level.
D point of a harmonic bullish abcd pattern lies perfectly inside this zone.
most likely the market will bounce up to 0.7 - significant resistance level.
0.705 is a very good level for the second target.
if bears break this rising trendline and market closes below 1.12 level,
for us, it is a very good signal to short the market.
RSI divergence + significant structure resistance + head and shoulders pattern on 1 hour chart
adds additional confidence!
be patient and don't rush!