A few possible set ups on EU for next week. We are currently at the bottom of a bear flag on the 4H and daily. If we see clear rejection aim for longs to 1.146 which could form a potential head and shoulders or the top trendline which we will then look for shorts down to the 1.12 area. However price has broken previous support and while trading under 1.14 is seen as bearish. MACD is still bearish however a potential cross is showing bearish momentum slowing down.
Commentaire:
Closed both longs at +20 pips each. Will be waiting to see dollar direction before re entry