EURUSD possibility of a short opportunity
Hello traders. I entered short on this pair at the 1.09798 area because i saw pin bar setup at the cloud resistance, and it did fall 100 pips or so but i was stopped out at the 1.08820 because i was moving my stop loss following the move. After the pair retraced a few candles,i drew my fibs and what i noticed was that price bounced of 0.236 area four times and i thought the was a strong area of resistance and i re-entered the market short because i saw a pin bar setup, and deduced that the bulls were rejected, which means the bears were strong. When i re-entered, the market moved in my favor for 37 pips but the market reversed up again and stopped me out at exactly the 0.382 level were my stop-loss was. Now i have drawn a channel (Bullish flag pattern) if i am not mistaken, as a continuation pattern, which i am expecting the price to break on the downside and then enter short and ride the market to the 1.08258 level, which i foresee as a double bottom zone and the market maybe will reverse and become bullish. Please comment on this, i am a novice trader and need guidance from the community of traders, god bless
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