eur/usd sell round 2

Hi all ,

opening a sell on this pair .

many thanks

Trade active

SL to entry or in profit whatever rock your boat :) Jokes . I mean whatever suits you :)

Trade active

Trade is still valid , Price is forming an inverse H&S . Right shoulder should start forming and first tp will be 1.12175 and second tp 1.11827. With the bad data from the US today , price is in corrective mode.

If you get stopped at entry Apologies , but trade is still valid .

Trade active

Also guys , Just to add, Just because we have an Inverse H&S doesn't mean price would pullback up from end of the first right leg , That support might be broken and throw the H&S out the window . Also that support might hold and price might push up to 1.126-128 region before ECB meetings tomorrow.

SL into profit and sit back and relax . Goodnight .

Trade closed: target reached

HI all ,

So i'm closing at TP1 .

Let see if the inverse H&S plays out now . and after NFP tomorrow i will see what the charts looks like .

I hope you got some pips .

Thanks .

Trade closed: target reached

So Guys ,

as you can see that support line did eventually held , So taking profit at TP1 on my Analysis was vital .

Now It looks like the H&S is forming , but looking at the chart , There's not enough buyers, to push the price back to my point of interest 1.12506 . I have to wait till after Non farm for more direction.

I have no positions on EU . Trend is still Bearish !> Range.

Stay tuned :)

creamygem

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creamygem