EurUsd Trade Idea
Updated
EU at the moment is another bearish pair with solid structures to support the trend. At the moment we are in a range. Last week we had price respect resistance with a clean push to the downside while breaking those bullish structures within the range. I either want price to flip back to the downside before shorting or wait on price to break above. It is Monday so I'm not expecting any big moves so the move the downside is gonna be my go to here. We'll see what happens.
Trade active
Just went short on EU after the retest at 1.08053. USD news happened at 10am and price is still bearish while respecting the retest. 15m time frame shows a bearish engulf forming so entry was 3 minutes before candle closure. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.