Hi Traders,
I’ve got my eye on EUR/USD We have basic price action on this instrument with a clear head and shoulder pattern showing, I deeper push into 1.0700 would be ideal, If price manages to remain below and reject that lever I will be more than happy to start looking for short opportunities.
My Target is at 1.0600 Which is not only a Psychological resistance But also an untested level since the break above. I am on the lookout for near-term support at the neckline priced at 1.06454 Where I would close some positions for a rather decent 2 R trade.
My method of entry remains the same with all trades, Looking for price to reject and show strong signs of selling.
Much of our trading comes down to a battle between our patients and our impulses, Remain disciplined.
Renaldo Philander
I’ve got my eye on EUR/USD We have basic price action on this instrument with a clear head and shoulder pattern showing, I deeper push into 1.0700 would be ideal, If price manages to remain below and reject that lever I will be more than happy to start looking for short opportunities.
My Target is at 1.0600 Which is not only a Psychological resistance But also an untested level since the break above. I am on the lookout for near-term support at the neckline priced at 1.06454 Where I would close some positions for a rather decent 2 R trade.
My method of entry remains the same with all trades, Looking for price to reject and show strong signs of selling.
Much of our trading comes down to a battle between our patients and our impulses, Remain disciplined.
Renaldo Philander