Short EURUSD: Double Mountain theory

Dec 2, 2019

From my humble fully-technical perspective, I see double mountains appearing in a bearish trend for EURUSD. From my fundamental perspective, US Manufacturing PMI was 1 entire point lower than expected but European markets decreased due to new surprise US tariffs on Argentina and Brazil markets. US doesn't abandon trade war, that's why I think EURUSD will form a double constant mountain and then maybe will go up or down, who knows. But in the shortest term possible (10 days) I bet bearish for EURUSD 1.1012-1.1120 (Stop loss)

Dec 5, 2019

Trade closed manually

Good PMI data for EU, bad news for US. Close position. I expect EURUSD reach 1.1120-1.1135 level tomorrow after NFP are issued.