Excellent opportunity. If occurs...
Head and shoulders has finally confirmed yesterday and target still not reach. Wait to sell short was definitely the best thing to do The real signal of what the market wants to do will certainly come with the break out of 1.1650 Waiting is probably the most difficult thing to do in trading!
EURUSD at the border of the neck line
I close @1.1600 the open position short@1.1607 Waiting to know more about this! Currently flat.
First level for an intraday short trade (+ target and stop loss)
Pull back against 1.1650 is now confirmed. EURUSD moving in the Bear Trade Zone Now looking for SHORT intraday and swing trades
See chart for main supports and resistances
Good price level and timing to enter long
a/ You may buy as described in the graph, or b/ buy 50% as proposed in the graph (2nd shoulder) and 50% if prices go to double bottom @1.1707 (same stop loss and same tagets)
Intraday opportunity #1: --> Buy @1.1707 (double bottom) --> Stop loss @1.1625 --> Target #1 @1.1737 --> Target #2 @ 1.1773
EURUSD in the NEUTRAL ZONE : --> Buy long and sell short can be done (see graph to understand how to place stop loss)
10H00 CET - 1H DOUBLE TOP
I would not be suprised to see the current weekly candle close above 1.1820. Bull trend to restart? ... What is your opinion??? We should soon know where is the flow!
Several trading options to consider. Bull trend zone for now so long trades offer a better probability.
NEUTRAL ZONE BETWEEN 1.1750 <> 1.1650 Several options for the next days. Today and tomorrow will probably tell... Preference for long trades in the zone for today.
YESTERDAY AFTERNOON 15H18 CET --> Buy signal @ 1.1738 --> stop loss @1.1703 --> target #1 @1.1753 / target #2 @1.1783 TODAY 14H40 CET --> Target #1 and #2 achieved --> position closed
15H18 CET --> Buy signal @ 1.1738 --> stop loss @1.1703 --> target#1 @1.1753 / target#2 @1.1783
EURUSD in the Bull Trend Zone so far and as long as prices main above 1.1750 --> Long position without signal should be stopped under 1.1750 in order to wait for a signal to enter long as long as 1.1650 supports prices.