Evidently the general trend of this pair is bearish and recently it has made an impulsive move to the downside
possibly test the weekly trend line support. it is currently consolidating which is a characteristic of pattern where
after an impulsive move it will consolidate. What I am looking for is a clue of where the break will occur
for a possible entry. Zooming out it looks like it is creating an inverted h&s but sometimes this can create a
false pattern and test those double tops for a false fake-out then continue the downside.
I dont want to enter early as we want to confirm a break and continuation.
I'm
EURUSD
bearish bias on this pair because of the general trend of this market.
possibly test the weekly trend line support. it is currently consolidating which is a characteristic of pattern where
after an impulsive move it will consolidate. What I am looking for is a clue of where the break will occur
for a possible entry. Zooming out it looks like it is creating an inverted h&s but sometimes this can create a
false pattern and test those double tops for a false fake-out then continue the downside.
I dont want to enter early as we want to confirm a break and continuation.
I'm
EURUSD
bearish bias on this pair because of the general trend of this market.
評論:
lower time frame plan is to wait for a breakout
