last week I published the idea on short opportunity for eurusd based on ,
for today, we have another great selling signal - pattern.
There are multiple ways how to trade , however, on this chart we see the attempt of the market to establish new high, then retracement down establishing local and then movement up retesting the high.
And now look what happened: instead of bouncing up from our local support, market broke it - this is the perfect signal to be involved in selling strategy.
After we see a clear breakout, we sell placing our target based on structure and size of retracement between the tops.
In addition, look at , we see clear divergence.
Stops above the tops.
It can even establish another top
So we should be humble