lets say I am the market marker and I want strong bear power to push euro down. why would I waste my power shorting euro now ? 1.137 doesn't mean anything that much and the 1.14xx zone is much more better chance to gather all the bears power together !
look at my chart we have solid down channel so shorting at the orange line is the perfect thing
look at the blue up trend channel means we can still make new highs
look at the white head and shoulders and guess what ! the head and shoulder target is the same area of that orange line resistance !
so I am sure euro is not ready to drop yet and we will make new high soon so no rush to short this thing yet
look at my chart we have solid down channel so shorting at the orange line is the perfect thing
look at the blue up trend channel means we can still make new highs
look at the white head and shoulders and guess what ! the head and shoulder target is the same area of that orange line resistance !
so I am sure euro is not ready to drop yet and we will make new high soon so no rush to short this thing yet
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