However it break down 1.1260 support and cant' maintain above.
Therefore we can short the pull back and SL above the previous high,
this is to trade a Buyer Failure (2nd attempt but can't make HH)
Potential Target is given.
Trade with your plan.
Price hit into the zone.
Do not Enter first.
Check for Price action
Price action showing good.
We can short
The uptrend line is broken
u can take half profit and Make SL break even if you want
Guys, I really don't care I am right or wrong. Trading is never confirmed, no one can be 100% sure he is going to lose or win . that is the beauty of trading. you won't know the results, but patterns are here to increase your risk/reward ratio and increase your winning ratio. Trading is a business rather than a guessing game, so train your eyes, set up your plans and trade them. Guessing the direction without a trading plan will never help you make single cent. for those who "think" euro may have another high, let me ask you: did you long eurusd or not? if yes, are you buying high or buying low?
After Hit TP1, price rally. it is very good for us to take some profit before the rally happen.
now please look at the 0.618 level,
maybe another short
for FOMC meeting. 1.1240-1.1250 is the key
Price action very bullish now. observe first.
Hit 1.618 ext
Guys check the price action at 1.1291
Nice Pin, 2nd test of 1.1290
For those who short from 1.1290, a good 100 pips
NOW IS 1.1175, BREAK DOWN THE TREND LINE
hold your short
watch the pull back to short again
now is 1.1130
the pull back short is so nice
sell the breakout of the channel
1. the channel was not broken, therefore no sell orders.
2. the previous 1.1290 selling order hit break even sl and then euro breaks 1.13
3. 1.13 was broken and this means EUR may test 1.1366, so if there is a pull back to 1.13 level, a buying opportunity is going to happen.
That my friends is what a real trader will tell you! Great statement :)