EUR/USD - 1D - Fakeout and return to equilibrium
Here we can clearly see a second fakeout above previous highs,
Entry point was Daily close on January 2nd (Strong bearish reversal pattern)
We will look to close position when price reaches our equilibrium level (yellow line)
There will be perfect opportunities this week to short this pair
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)
Entry point was Daily close on January 2nd (Strong bearish reversal pattern)
We will look to close position when price reaches our equilibrium level (yellow line)
There will be perfect opportunities this week to short this pair
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)
Comment:
Price is moving nicely in our direction, hopefully we will see equilibrium reached in the next few days!