ITS SAFE TO GO SHORT ON THIS TRADE, THE BEARISH FLAG AND THE HEAD N SHOULDER PATTERN APPROVES, BUT IF GOING SHORT, SET SL AT 14.7417
Pair is on 7th straight day of declines and produced a nice reversal candle.
Shorted at 16.034. Hit first goal, almost at second and looking for third.
Hit first target now almost at second. Looks like it could keep it up and make it to the third.
FX_IDC:EURZAR Safe Trades;
I am expecting breakdown of this bearish flag or B wave. First entry is based on entry before breakout of trend continuation pattern and second entry is based on entry after breakout. Remember this flag may extend itself but will remain intact for sell setup.