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For last 3-weeks , EU is fulfilling my expectations i have traded 2 times and got both of them deep ITM. On this situation E/U have made a kind of head and shoulder everybody can confirm this . my is idea is to short it to the resistance level which is mention below like a rectangle. after hitting the resistance area we will confirm further action.
Since last to weeks we have been watching bearish trend on EURUSD just because of Rectangle breakup. Now we have achieved Potential Reward of this breakage. and Euro looks like rebounding itself to make H & S . After making H & S , everybody know WHAT HAPPENS !!!!!!!!!!
Like i said last week . it is very good time to go short. you can say it " a break of rising wedge or A rectangle"
Because of rectangle break , there is an ideal situation to go short.
There would be a small pull back to make bullish divergence on RSI. market would rally up to resistance level and at that point i am gonna short it.
Butterfly is being made for bulls
This has been bearish last week and dropped about 16 % interest rate.