EURUSD 4h Short

FX:EURUSD   Euro / U.S. Dollar
In my view EURUSD on daily is in ranging period with a little bearish bias. I was looking for entering a range trade where upper boundary is the rejection from 1.32014 and support at 1.27384
I think a head & shoulders pattern was broken on a 4H chart, this prompted me to enter the trade.
CONS: The stop loss might be a little tight for this trade as it wasn't placed above the right shoulder but at smaller correction level 1.3080

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.