The Eur/Usd pair had broken the 800sma SurpriseBox on the 15 minutes chart on the downside. This trade is based on the weekly chart that formed a bearish engulfing pattern last week. This engulfing pattern is just at the line of a rebound from neck broken on a head and shoulders pattern.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
First target of the Eur/Usd short position in. Now it seems like a bearish engulfing pattern on the weekly chart. Will trade accordingly next week.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
Stopped out in the Eur/Gbp position. Alive in the Eur/Usd short position. The latter broke the 800sma 4h SurpriseBox to the downside with a double top. Expected to travel at least till the 200sma that might act as resistance. A more aggresive approach might be to let it run till last low at 1.30. Might trail stop on some of the positions using the weekly chart mentioned in previous blog.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
