fxmonarchy

EU short scalp

Short
FX:EURUSD   Euro / U.S. Dollar
Pure technical setup coming off smaller timeframes (1h-15m-5m). Technical co-relations points on structure change. Price action shifts to bearish mode since week started. Going into final 2 days of the week with lots of happenings and Frankfurt open I find this setup attractive for good r/r. 2 more hours for 4h candle to close convincingly bearish and prepare small pullback for Eu markets opening. 2/3 of positions should be taken off on arrow point level. Rest on initial tp. SL is set for full position, if last third is not met after profit SL will be manually set to break even

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