In short I am waiting for an entry on EUR/USD to go short on it.
I believe we have head-and-shoulders forming here and if you check the chart above, you will see we are currently awaiting formation of the right shoulder which will complete the pattern.
This should take the price up to R1 which sits at the 1.20 level. This is where I will look to enter the market, go short and short the Euro down to it's long-term support at 1.05 where the pattern originated.
