As i posted few hours ago the major level that everyone is watching after the EUR/USD made higher high and showed us it's desire is the 1.20 level where currently a lot of shorts are placed.
But before this area we might have a good oppurtunity to snatch some pips from a high propability retracement into the as i show at the chart or even deeper as we take all the stop losses from the pending longs orders and we are having also the advanced patterns formations hitting the first targets.
1.Stochastics in overbought levels showing a possible relief rally.
2. entering overbought area soon indicating a pullback.
3.We have two advanced patterns one and one formation with pretty much the same completion area.
POSSIBLE SHORT TRADE
ENTRY PRICE AT 1.19890
BUY STOP AT 1.20740
FIRST TARGET T1 AT 1.18200
SECOND TARGET T2 AT 1.17200
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Keep following for more profits!