Hey guys!
EURUSD down to earth ... a very likely possibility right now.
SMA 50 and SMA 200 not looking good: We failed crossing SMA 200 again, and stay below.
If SMA 50 crosses SMA 200 within the next hours, that's a very cear call for short Position.
We got a very big Head n Shoulders Formation. A clear sign for downtrend too.
Trading a Head n Shoulder Formation means, that we can use the baseline as Stop Loss. That would be 1.15
I would set Targets Close to our Support zones, awaiting a smaller rebounce there, and open short again if we fail the breakout.
Happy Trading
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Feel free to contact me private for further details or just chatting. Regards
EURUSD down to earth ... a very likely possibility right now.
SMA 50 and SMA 200 not looking good: We failed crossing SMA 200 again, and stay below.
If SMA 50 crosses SMA 200 within the next hours, that's a very cear call for short Position.
We got a very big Head n Shoulders Formation. A clear sign for downtrend too.
Trading a Head n Shoulder Formation means, that we can use the baseline as Stop Loss. That would be 1.15
I would set Targets Close to our Support zones, awaiting a smaller rebounce there, and open short again if we fail the breakout.
Happy Trading
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Feel free to contact me private for further details or just chatting. Regards
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potential drop