Hello Traders !
This is a Technical view on EURUSD. We're looking to taking a Short Position on EU in the next few hours. For the following reasons:
After the Rally we had seen last Month of May 2022, The Market found a Historical Resistance at 1.0780 and rejected to the down side,
creating an equal support at 1.0650 and bounced back to the upside a little bit and Created a bearish Head & Shoulders Pattern.
Next thing is that the market is in a bearish environment at 4h, which may give us the possibility to look for short to go and test the Strong MS at 1.0520.
TRADE CAUTIOUSLY..
This is a Technical view on EURUSD. We're looking to taking a Short Position on EU in the next few hours. For the following reasons:
After the Rally we had seen last Month of May 2022, The Market found a Historical Resistance at 1.0780 and rejected to the down side,
creating an equal support at 1.0650 and bounced back to the upside a little bit and Created a bearish Head & Shoulders Pattern.
Next thing is that the market is in a bearish environment at 4h, which may give us the possibility to look for short to go and test the Strong MS at 1.0520.
TRADE CAUTIOUSLY..
Trade active
Trade closed: stop reached
Trade closed: target reached:
The market Continued back down