Daily EUR/USD trades

Quote from SwingOutOn5:

ok, been outta commission for a while. Here is my analysis from last week updated. Lookin' good. Ready for a big move - which way?!?
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It does look like bull flag on the daily. Also the pennant's current range is continuing to narrow, which suggests a break very soon. Because it is such an obvious bull flag that means that at least a re-test of recent highs is very probable near future outcome. But, it is also factual that a lot of these high probability set-ups are preceded by a headfake and sometimes substantial ones. There could be a re-test of 1.3051 level prior to more upside. Now if that happens, buying @ 1.3051 area of recent support is safer than going Long right here. But, I could be mistaken & we might not see a re-test of a current support at all. In that case I will be trading a break of recent high.
 
Well, I am well cautious here, yes still short, but not really committing size. From what I can see, it is still a valid signal to be short, but considering tightening range it can 'explode' to either direction.
 
I was also thinking about the 4 day weekend, do you have a contingency in case it "explodes" in the wrong direction on Wed.


The Ever No Liking Explosions VIPER
 
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