Original Idea From February 28th 2019:
As you can see I was looking for a short based on the blue uptrending countertrend line. IF EUR/USD goes near the new blue line, and very close to the very top of the channel
of the parallel from the High before this downturn, will be a good location on the chart to place a short expecting continuation of the downtrend.
IF EUR/USD somehow manages to move above 1.14 and gets a 1.15 print then this slope won't be valid anymore. 1.14 is key.
As you can see I was looking for a short based on the blue uptrending countertrend line. IF EUR/USD goes near the new blue line, and very close to the very top of the channel
of the parallel from the High before this downturn, will be a good location on the chart to place a short expecting continuation of the downtrend.
IF EUR/USD somehow manages to move above 1.14 and gets a 1.15 print then this slope won't be valid anymore. 1.14 is key.
