EURUSD - a waiting game to sell

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Daily: Formed a head and shoulder pattern, currently approaching the support zone.

4H: -Lower high and lower low are being created. Bearish momentum might take over soon.
- Short-term trend line also broke downward.
- MACD indicates the strength of bearish is getting stronger.

Possible scenario: Price might re-bounce on the respected support zone, also retesting the broken trend line.


**What to do now? When to buy?**

- Sell when the price breaks below the support zone with huge bearish momentum, or,
- Enter the trade when the price retest at fib level after the break of support area.
Trade attivo
Trade chiuso: obiettivo raggiunto
a very good trade!
Chart PatternsTrend Analysis

Declinazione di responsabilità