Looking for a short trade set up on EURUSD

Given that the Dollar may have ended it's recent correction I am looking for a short set up on the EURUSD pair.
IF: we get a flag as shown
THEN: Open a short trade on the break out
TARGET: The previous low
NB: Price could pullback much deeper than indicated, Do not enter a trade until you get a set up

I'll update this idea as it develops

This is not investment advice

Steve Nixon
Trainer & Mentor

Yorum:

So Far so good - price set off my alarm but rebounded as expected - at the moment the entry point would have to be below the low - let's see how this develops - remember it doesn't have to give us a nice flag but if it does then we look for the short entry

Yorum:

As predicted