EURUSD
CONFLUENCES:
- Bearish market structure confirmed by MA crossover (Elliot Wave 5th leg)
- Head & shoulders pattern formation
- Break and retest of the larger uptrend
- Rejection of daily 51 EMA
- Rejection of 78% Fib level
- DXY has reached significant support so hope to see DXY strength in coming days
Trade active:
Comment:
I got stopped out on one of my position and adjusted another position by widening the SL by 50 pips. Hoping for $ strength in the next two sessions.