-Hello Traders, #EURUSD has been bullish due to DXY have failed to reverse on multiple occasion taking EU to the moon!!!. However, we are expecting this move and it may be the good time to consider shorting #EU before FED announce its decision on whether or not to hike interest rates or not in February.
-So what we are looking for ? - we currently looking for a...
Time = 1H
– Structure = Uptrend
– Pattern = head & Shoulders
– Tendency = Downtrend
**** Wait for a reliable confirmation if you trade on 1hr;
Confirmation 1; Price creates RS and then retraces.
Confirmation 2; Price breaks the support, then pullbacks and continues Downtrend
Time = D
– Structure = Downtrend
– Pattern = Double tops
– Tendency = Downtrend
GOOD...
