Sorry that I didn't mention that EUR was reaching a previous high last night even if it's just a bit shy of the 100%. It's reasonable to expect a pullback here ...
Even if ZB hasn't broken out ... I just added a long position here because the risk and reward is much better than buying at the neckline ... Of course the failure rate would be higher too ...
Let's see how this goes ... the stop loss is today's low. See previous post for target, which is basically the previous high.
It seems ES is forming a diamond, it can either reverse or continue down ... need to see which way it wants to break out ...
TL bearishness has increased.
EURO moves so fast! It has broken down from the neckline ...
But this is supposed to be good for risk asset bulls because ECB wants to reduce rate soon ...