THE BEARS ARE OUT PLAYING AGAIN.

/ EURUSD gave us over 90 pips yesterday whilst taking out the previous hourly low/support
/ Retraced all the way back to previour hourly resistance leveL.
/ Gave us a false breakout with a tweezer top and a 5M engulfing candle closing back in the resistance area.
/ My guess is EURO will make its run through to the 1.07500 area over the next couple days, / / Failing that we could get a bounce from trendline back up to 1.10000


// ACTIVE TRADE CURRENTLY
:::::ENTRY-1.08972
:::::S/L-----1.09072
:::::T/P-----1.077972

Trade active:

/ MOVE STOPLOSS TO BREAK EVEN.
/ LET'S SEE HOW EURO BEHAVES IN THE MORNING.

Trade closed: stop reached:

/ STOPLOSS HIT WITH SMALL PROFIT
/ AWAITING NEW ENTRY

Comment:

/ That was a perfect set up and perfect entry