EURUSD Bearish Pattern Formation following Idea 2H timeframe.

1 באוג׳ 2020

The price has posted in the previous idea have formed a bearish pattern on the bigger time frame. Looking at the 2hours chart we can see that the price have stopped out on the small support area. For short entry we will wait for a retracement to the Fibs levels ( with the possibility of an H&S pattern formation) as well we will wait for the formation of a lower high.