As you can see on Daily chart, EU is creating an inverted head and shoulder.
From the last impulse movement, we can see it has rejected 61.8 once but has flipped and going down further. Expecting to reach previous support to retest which lines up with 78.6 level as well to make perfect inverted head & shoulder pattern.
Trade is invalid if it falls below 78.6 level.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.
From the last impulse movement, we can see it has rejected 61.8 once but has flipped and going down further. Expecting to reach previous support to retest which lines up with 78.6 level as well to make perfect inverted head & shoulder pattern.
Trade is invalid if it falls below 78.6 level.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.