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EURUSD Short Trade Opportunity?I'm doing my own research on smart money trading technique, and it seems like I've found an opportunity for openning a short position. Neverthless, it seems like trading US $ dollar is tricky right now. Since, everything seems to be depending on news (from my own beginner point of view). Perhaps, I'm missing something. In that case, please feel free to question my errors, and share your opinion. Every help is highly appreciated. Thanks in advance, Filipo
Short
by FilipoBillionaire
EURJPY W forming up or continuation?Even tho we are overall Bearish, i think that the momentum could have died. On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline Right now the price is failing to make lower lows and respect the lower counter trend, so are making the 2nd pont of a bigger TF W, or making the low of an M to continue the trend, but im leaning towards the first option due that we are un a very low area and big support.
by J_layseca