i won't be long in this explanation for the background of this trading opportunity is the same of my previouos eurusd analysis.
The bottom line is that we are now looking for simple patterns to go short.
This for my view has been broken right now. The last red candle had closed below an important psychological number (1,0400).
My position would be divided in two parts as shown on the chart above.
If you have any comment or suggestion, please fill the comment section below.
Otherwise, see you in the next chart!
Check this out for long term, bearing in mind the retrace comment:
The retrace comment analysed here:
I would expect a retest of the 1.05700's levels.
Thank you for the idea @Roker1
it is nice to see different analysis that support your idea, like you said, it makes me feel more confident on my trades.
Let's see how this will turn out.