The Eur/Usd broke the SurpriseBox on the 4h chart down. The latter was out of a 800sma, 200sma and 50sma area. On the hourly chart made a head and shoulders pattern. A short position that I placed based on the initial head and shoulders will be fortified after the hourly pattern. Many technical indicators are in favor of this trade. A retrace to the 1.2950 area is expected before continuing in the bearish 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
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