EUR/USD pulled back nicely into an area of value in the later portion of last week. In the process creating a nice 3 touch structure into resistance on the 1H level.
We are now looking for continuation to the downside in this pair.
A 1H double top, with a nice engulfing candle will be enough for us to enter shorts on this pair.
Alternative entry is a break just above the 0.99 level, ideally a nice long rejection wick from that level with sell stop orders at around 0.982.
Updates to follow on this idea.
We are now looking for continuation to the downside in this pair.
A 1H double top, with a nice engulfing candle will be enough for us to enter shorts on this pair.
Alternative entry is a break just above the 0.99 level, ideally a nice long rejection wick from that level with sell stop orders at around 0.982.
Updates to follow on this idea.