EURUSD SHORT 1hr

There is a nice bearish flag forming & price is currently at a little bit of a resistance level & indication of over bought on the 1 & 4 hr chart.
A good opportunity to get involved with a bearish pattern & catching it earlier than the breakout.
I will be moving stop loss to break even as soon as price touches the flag trend line just in-case it bounces back up before the drop. Good luck :)

Yorum:

Closed the trade for a profit of 30 pips due to strong indication of price bouncing back up.
Will short this again once it looks over bought on the RSI & hopefully price action will be back up around the same area as the first short trade.
If price does break this trend down, then try to catch the momentum down.

Yorum:

Price action close to retesting a little trend line, so I will be looking for signs of rejection & then a good momentum candle to the downside.
Hopefully get a nice drop to the red box which is 90+ pips
Indicators showing overbought to support the move.
If price breaks the trend, then void this trade :)