August has not produced much for trading opportunities, but this looks to be a pretty good one.
The EURUSD has formed a Head & Shoulders Pattern and recent broke below the neckline. It is now testing it and this looks to be a beautiful opportunity to capture a potential 1,000 pips. (A Target on a broken neckline is often the distance between the neckline and the top of the head). I will not carry it for that long, but I am selling this and will hold on to it for a while.
If you want to see my live account, you can do so by going to the Darwinex website and searching for BPX.
The EURUSD has formed a Head & Shoulders Pattern and recent broke below the neckline. It is now testing it and this looks to be a beautiful opportunity to capture a potential 1,000 pips. (A Target on a broken neckline is often the distance between the neckline and the top of the head). I will not carry it for that long, but I am selling this and will hold on to it for a while.
If you want to see my live account, you can do so by going to the Darwinex website and searching for BPX.