EURUSD 4hour Short in Progress
Its been a while since I posted a setup as I've been trying to hone in further to improve the quality of my setups.
This is a nested setup which should propagate on the back of previous (and a smaller subsequent setup) setups heading in the same direction (Short). Its a good sign of a decent trend and I haven't seen any converged levels or Long setup that could signal an end to the bear trend. There's been some consilidation over the last couple of weeks so I would predict that any decent catalyst should force a decent move (up or down) from here now.
Reading all the analysts predictions (which I take little heed of at the best of times) they are all saying that we're expecting a good NFP. I see fundamental news as a catalyst for technical targets and a good NFP will take us reasonably quickly down to T1 (1.23022) in my opinion. Regardless of good or bad news I will still have the same target in play and am still banking on my 85% probability stat to get us there. All I can say is that 15% is still waiting for me around the corner :-)
This is a nested setup which should propagate on the back of previous (and a smaller subsequent setup) setups heading in the same direction (Short). Its a good sign of a decent trend and I haven't seen any converged levels or Long setup that could signal an end to the bear trend. There's been some consilidation over the last couple of weeks so I would predict that any decent catalyst should force a decent move (up or down) from here now.
Reading all the analysts predictions (which I take little heed of at the best of times) they are all saying that we're expecting a good NFP. I see fundamental news as a catalyst for technical targets and a good NFP will take us reasonably quickly down to T1 (1.23022) in my opinion. Regardless of good or bad news I will still have the same target in play and am still banking on my 85% probability stat to get us there. All I can say is that 15% is still waiting for me around the corner :-)
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