EURUSD: Trading Plan
Updated
EURUSD is currently trading within a descending triangle pattern formation.
After the market has set the initial high around 1.108 level,
we see a row of lower highs.
It is a very good indicator of market exhaustion.
I will be waiting for a breakout of a descending triangle to short EURUSD.
Stop will be above the last lower high.
T1 - 1.0980
T2 - 1.0935
Note
test of support
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