lots of bearish momentum going on with EURUSD dollar right now. had a few ideas wrong last week but after looking at the daily chart it is clear i was thinking too short term. This setup seems to be a pretty safe play going off of the flag pattern. set up a sell stop at the low of the flag and a SL above and let this ride down to
this also has the potential to retouch the shoulder resistance so i would wait this one out and watch for the pair to break below the flag and then bounce before entering anything.
this also has the potential to retouch the shoulder resistance so i would wait this one out and watch for the pair to break below the flag and then bounce before entering anything.