POTENTIAL SELL SETUP FOR EURUSD
I see further downside for eurusd.
The price has broken and retested trendline
Has printed head and shoulders pattern
Has broken and closed below support and rejected as resistance.
A safer entry is to wait for the price break and closure below the last low at 1.08500 and outside the daily channel then wait for price action on lower time frames to show 1.08500 level is being used as resistance. This can turn out to be a big opportunity for the patient trader.
The price has broken and retested trendline
Has printed head and shoulders pattern
Has broken and closed below support and rejected as resistance.
A safer entry is to wait for the price break and closure below the last low at 1.08500 and outside the daily channel then wait for price action on lower time frames to show 1.08500 level is being used as resistance. This can turn out to be a big opportunity for the patient trader.
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