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andybarbeler

EURUSD Easy 4:1RR short after news volatility

Short
Euro / U.S. Dollar (FX:EURUSD)  
andybarbeler  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators priceactionanalysis marketstructure trend priceaction
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trendanalysis chartpattern indicator priceactionanalysis marketstructure trend priceaction
SHORT OPPORTUNITY IDEA

Due to EUR news yesterday, EURUSD saw major volatility interrupting the forming bearish structure of LH and LL.

As the movement of the news if finally finished, and price is near high's in the bearish structure. A collapse would offer an excellent RR short trade.

I will be looking to short a clear lower high formation between 1.105 and 1.1065, with target of 1.099 (RR>4).
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