EUR/USD Short

by Liam 10:37 0 comments

Tried a short yesterday based on a PnF ND. Entry at 1.3050. Wrong place entirely to be entering a trade, right on top of the Friday NFP zone which was bound to act as support, which it did for the duration of the day. It went over night and stopped out this morning. I have since gone long on EU as a staggered triple top buy formation was in the same area as my stop. This is one of my preferred PnF set ups.

EUR/USD 1hr PnF

I haven't posted a HLC chart in a while so here you go, the NFP zone highlighted and the two bounces from yesterday and over night.

EUR/USD 1hr chart