EUR/USD - LOOK FOR POSSIBLE PATTERNS FORMING
Hey dear people...
There are two possible bearish patterns (BAT & CRAB) I could see forming. I am currently SHORT, just trying to take the last piece of the BC leg.
I will be looking for opportunity to enter LONG @ around 1.1420's. If the price does not hold there, look for next S/R line @ around 1.1270's which will hit a 61.8 FIB retracement of the last "big" climb up we saw the past days.
FYI, the red dashed lines are strong S/R lines.
Wishes of a happy trading day =)
/E
There are two possible bearish patterns (BAT & CRAB) I could see forming. I am currently SHORT, just trying to take the last piece of the BC leg.
I will be looking for opportunity to enter LONG @ around 1.1420's. If the price does not hold there, look for next S/R line @ around 1.1270's which will hit a 61.8 FIB retracement of the last "big" climb up we saw the past days.
FYI, the red dashed lines are strong S/R lines.
Wishes of a happy trading day =)
/E