Febuary 8 2021 EURUSD Head and Shoudlers.

8 févr. 2021

Above ATR stop and above almost all the EMA.
After being Bearish for a while EURUSD showed quite a lot of bullish momentum for the past few days.
Ranged into the start of session however very week selling pressure.
After Approx. 2 legs down, Bear flag in a forming bear trend. once price breaks above the 20-50 EMA and probably test of prior resistance.
If current resistance near 1.2050 level holds exit with small loss.
Stop placement below 200EMA and ATR.
Take profit near prior lower high near 1.2080-1.2090 level.

8 févr. 2021

Transaction en cours

Entry is hit, however prices went back down to support level for 3rd push down, if broken below support, should exit with loss.
Entry point was misplaced.
Re-enter if setup matures.
Short if Bearish momentum matures.

8 févr. 2021

Transaction en cours

Price finally breaks out of red zone. If hit resistance will be 4th push up. Needs to break above the close of last week

8 févr. 2021

Transaction en cours

Still bullish but after New York session fell back down to resistance (close of last ) sleep, and leave overnight and if prices start ranging best to exit with as much wins as possible, if bullish pressure overnight hold until at least start of London session.

9 févr. 2021

Trade fermée: cible de profit atteinte

Take Profit Target safely reached, however in hindsight, could've swing more as prices seemed to went higher (however after a false breakout down).