EURUSD: Next Potential Shorts Part II

Yesterday a posted a chart showing some analysis that I did on the $EURUSD trying to predict the next shorting opportunity. Although price action reached my killzone, it didn't rally high enough for me to get short.

Later in the day the market completed a "pain free" bullish Cypher formation, and the ensuing rally has provided me with another opportunity to look for potential shorts in my original killzone with the difference being that this time I know I have an aggressive reason to get short due to the potential Bearish Advanced Gartley Formation.


Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company


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News to pay attention to today (New York Time)

EUR-Minimum Bid Rate (7:45)
USD-ADP Non-Farm Employment Change (8:15)
EUR - ECB Press Conference (8:30)
USD - Unemployment Change (8:30)

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1st Targets hit