EURUSD scalping patterns
It’s not all that often I get to post up a scalping plan.
So here is another Forex Trading Snack!
EURUSD broke above it channel it had been running in for about a week and one-half. Although it seems tired a bit for today. It’s still grinding higher. Although I can count a EW 5 wave in the 15M I would suspect pullbacks to be bought the closer we get to 1.1050-75
Longer term I’m seeing this one marching on to 1.1200-50 top of a very long term wedge pattern that has been forming for over a year now. With headline news risk, I think if we get the chance to short some on the approach of 1.1150 it could retest short term channel top line or even break lower just off of short term profit taking in front of the weekend. Remember this is counter trend. Trade light
If you trade the risk is all yours.
In trading you either make dust or you eat dust.
All the best my trading warriors.
So here is another Forex Trading Snack!
EURUSD broke above it channel it had been running in for about a week and one-half. Although it seems tired a bit for today. It’s still grinding higher. Although I can count a EW 5 wave in the 15M I would suspect pullbacks to be bought the closer we get to 1.1050-75
Longer term I’m seeing this one marching on to 1.1200-50 top of a very long term wedge pattern that has been forming for over a year now. With headline news risk, I think if we get the chance to short some on the approach of 1.1150 it could retest short term channel top line or even break lower just off of short term profit taking in front of the weekend. Remember this is counter trend. Trade light
If you trade the risk is all yours.
In trading you either make dust or you eat dust.
All the best my trading warriors.
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