EURUSD may reach a new action point before the ECB and mark a new leg down to the trendline. Once the FED rate hike is out of the desk, the only strengh for US Dollar should come from the risk-off environment.
Next risky events are the ECB decision and Chinese foreign reserves plus trading balance stats. Looks like some of them will not be risk-favorable...
I will short EURUSD from 1.1270 level, targeting 1.1060. If pattern is confirmed, 1.1060 will be a very good level for entering long-term long positions.
Trade active
Short order active
Trade closed manually
Short order closed at breakeven but the pattern has not been invalidated
Order cancelled
Now invalidated
Trade active
Incredible but the pattern had finally survided. Looking to secure 1.1230 level to short. At least 4H candle has to close below 1.1230
Trade active
Shorting the pair now and will add shorts from 1.1290 if price gets there
Comment
Rejected by 38.2% once again, adding shorts at 1.1261
Comment
Two thirds done, last meters are always the most difficult ones...
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