Hi traders,
Quick recap and yesterdays set up which netted 30.2 pips.
As per the short set up, currently short and monitoring price action towards the green box where a break lower opens a host of new bearish targets.
Today saw
EURUSD
fail to make any new highs and in fact it is making lows on an hourly chart and bullish price momentum is currently on the wane.
If Japanese traders follow their American and European counter parts we should see lower price action over night which will prime price action for a breakout to the downside.
As always good luck and use stops to protect your capital.
Quick recap and yesterdays set up which netted 30.2 pips.
As per the short set up, currently short and monitoring price action towards the green box where a break lower opens a host of new bearish targets.
Today saw
EURUSD
fail to make any new highs and in fact it is making lows on an hourly chart and bullish price momentum is currently on the wane. If Japanese traders follow their American and European counter parts we should see lower price action over night which will prime price action for a breakout to the downside.
As always good luck and use stops to protect your capital.
