EURUSD: Trading Plan

EURUSD is currently trading within a descending triangle pattern formation.
After the market has set the initial high around 1.108 level,
we see a row of lower highs.
It is a very good indicator of market exhaustion.

I will be waiting for a breakout of a descending triangle to short EURUSD.

Stop will be above the last lower high.
T1 - 1.0980
T2 - 1.0935

Kommentera:

test of support