DKrastev
Short

Potential Trend Continuation trade in EURUSD

FX:EURUSD   Euro / U.S. Dollar
There is a potential trade continuation trade in EURUSD             on the short side. The EURUSD             has been making lower lows and lower highs recently. If the price action gets back to the 1.0660s it may be a good opportunity to get short. This level has acted as support previously and held as resistance after that. Also, we have some Fibonacci ratios in the same area. Stop is above previous structure and target is at the structure lows which gives us 1:1 risk-reward ratio.
Trade closed: target reached: Pain free trade for +93 pips.
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