I have noticed some harmonic movement and fib confluence which might be a good idea to go long on the pair.
You can also check the RSI status when the price approaches the green box to get more confirmation before you decide to enter the trade.
*I take no responsibility whatsoever on profit/losses as a result of following/ executing my trading ideas. Trade at your own
A nice short opportunity on the EUR/USD - bearish cypher is almost complete.
The risk vs reward is also decent.
Let me know what you think in the comments below.
An oppotunity to enter short in the EUR/USD:
The pair seems to take a breather after a week of losing height.
We might expect a small correction up to the .382 Fibonacci retracement level before the pair continues its longterm downtrend.
Since the Greek situation is still unclear, the eurozone QE which has only just begun and the expected interest rate lift in...
