i have taken 2 positions on this move of eurusd.
the first was right at the top of the head and shoulders which i pinpointed yesterday, following this all the way down until the retracement started to occur.
The second was at the top of the retracement, PP was hit and 50 fib was rejected so i waited for the confirmation candle on the 1hr chart before i took this short.
Price could hold up at the 1.1215 area but may end up breaking through after sometime.
either way we are already on no risk for this one so we will just follow price down.
the first was right at the top of the head and shoulders which i pinpointed yesterday, following this all the way down until the retracement started to occur.
The second was at the top of the retracement, PP was hit and 50 fib was rejected so i waited for the confirmation candle on the 1hr chart before i took this short.
Price could hold up at the 1.1215 area but may end up breaking through after sometime.
either way we are already on no risk for this one so we will just follow price down.