EUR/USD - Wave Riding, False Indications, Big Picture

Everybody seems bullish on EUR/USD, but I think otherwise. We broke the trend as you can see from the "Highs and Lows" analysis and the pattern that most people think is a "Inverted Head and Shoulders" is a false one, because they should be located at the very bottom to make an impact, now they just serve as a support zone, nothing else. No trades are full-proof and EUR can rise, but looking at the information that the chart gives us, shorting this pair is the wiser choice.

*Remember, you can not be 100% right all the time, but to be profitable in the forex market, you just need to maintain a winrate of 51%.

Good luck trading!

Comment:

Sadly, we reached our stop-loss because of the news affecting the dollar, but this should not last for long and a new opportunity to short will come up.

Trade active:

Like I said, it was only a stop-hunt, EUR/USD went straight falling down.

Comment:

Massive profits, congratulations to everyone who got in!