EURUSD STRUCTURE SHORT|THREE SIGNLALS-SAME DIRECTION

15 thg 6, 2020

The pair has yet to go through any meaningful correction as far as the last rally is concerned. Therefore, I am short biased.

The head and shoulders pattern continuation after the current retracement is reasonable to expect.

Also, the price is moving within a falling channel, and has reached the channels resistance line.
Channel violation upwards would not be a bullish signal for me, given the specifics of the current trading environment with a lot of false breakouts and signals.

Horizontally directed channel violation does not sway my mind and I will be convinced that the market has indeed changed it's posture on the pair only if the two levels are broken up with the confirmation.

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