Our resistance are in good shape, our stop loss and take profit is there. The head and shoulder helps us figure it out where it is going to end.
This is a pretty risky analysis, lets see what happen
Really Tight stop Loss, pips are still worthy !
Fib Retracement and support is there to resist. If it pass we lose 6 pips, if it work we win 40 pips. that Risk, Reward is worthy.
UC is at the biggest trend line there is since january. It should drop pretty soon.
To make some Pips you should short on that retest and then see where this downtrend will take us.
Let's the basic make us some pips
Let's see if Eur is going to make a comeback, It will, like the usual !
It is following a downtrend, it is probably going to touch that trend line before going down. So it should go up for 20 pips. it's a small gain but better than nothing
Used it fast, a long in a downtrend could make some surprise. Just react in the right time
Choose the position you want to enter wisely, but it should go down.
Let's wait for that retest to see next
Using that resistance to make money !
Waiting for that rebounce the support, to go as high as when the trend and the resistance cross. At this point you short it.
Wait until the right time, to make maximum profit.