EURUSD: Short Going well. Good spot to increase positions here
EURUSD
This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head
and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more
threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline
down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new
resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for
new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good
bounce before failing again. More as move develops.
This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head
and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more
threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline
down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new
resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for
new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good
bounce before failing again. More as move develops.