EURUSD Trade Analysis 05.21.2018
The EU has been dominated by the bears since its last tested high at 1.2413. With such a drastic fall, I am expecting a retracement back to the 1.200 psychological levels. With the formation of a pinbar on the daily chart I am expecting a pullback which would create the right side of a head & shoulder pattern where I would look to enter a long position.
Buy Limit Order 1.1745
s/l @ 1.1710
t/p @ 1.1945
Buy Limit Order 1.1745
s/l @ 1.1710
t/p @ 1.1945
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.