Reverse pattern in EURUSD
A beautiful reverse pattern in the EURUSD invites to a short trade.
What are the signs for a short?
How could a trade look like?
There are several possibilities.
Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718
Medium to long-term trade: Entry immediately, SL at 1.21 and TP at 1.15
What are the signs for a short?
- perfect evening star formation
- CCI turns again below 100
- overdue correction
- changing monetary policy
How could a trade look like?
There are several possibilities.
Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718
Medium to long-term trade: Entry immediately, SL at 1.21 and TP at 1.15
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