Morning Traders - it's nearly Christmas and so in the spirit.
I have posted a Santa Head and Shoulders pattern on my chart from last night and will update during the next hour with levels to watch for.
Yesterday was interesting a new EU high at 3308/9 and then a fall under 3200 last night to 3188.
As normal I will be scalp buying and selling today - and will be watching interim S & R's for some of the next clues.
Over 3265 say a the H & S should be forgotten about - but whilst under 3235/40 it still may be on.
I will keep you updated on trades within every hour - if there are any - but please remember I am short term - but still good targets of even 15 -25 pip can still give me RR's of 3 to 5 - ie very profitable in a short time.
Have a good day - all are welcome to comment with views and charts etc - I might not agree with them - but I might be wrong at times- and so other views are welcome etc
Fifteen minutes to European Open and price at 3219.
R at 3226-30 - which price may try first - and S at 3200 - 3210 - which need to be broken for lower.
Have Fun ;-)))