Opportunity to short the Euro

28 May 2019

There was an evening star formation off the bearish trend line. Also price is at the second shoulder of what appears to be a H-S. Price just made a third hit to the trend line, hence a good confirmation for bearish trend of the euro. Sometimes the third hit is a fakey, so caution needs to be exercised. Partial profits needs to be secured as quickly as possible or move stop loss to breakeven.

28 May 2019

Not

I wont take the last candle (bullish engulfing) seriously because the trend is down. It may only trigger a temporary bullish move that may not sustain. But because it acted off a support caution needs be to be taken