EU has pulled back after breaking the ema89 signalling us to look only for sell trades, price has pulled back, I have tagged a chart of DXY which shows how we have a pinbar and are trading above the ema89, so in EURUSD we look for shorts, we can look to take this trade based of the $ rising. Look for a return to the contraction which is the TP1 this range will likely be a stop or a pitstop for the pair.
Comment:
Trade ended up turning around but a good 80 pip before hand this time a 1:2 would have been more beneficial than a 1:3, but good profit taking at 1:1
