I haven't published anything in quite some time and I am about to go to bed, but this formation caught my eye. Good R/R here given the price action around the dotted S/R line. Too good to be true? Might be, but I'll take a clean 3:1 trade.
Comment:
Getting creamed in this trade, not going to lie. Little did I know that Europe would be on its 9th wave of the coronavirus and would implement additional lockdowns. USD isn't even ripping either, it's just the dynamics of this cross aren't in my favor. The last chance is an expanding structure down to the current price (low 1.18 handle), otherwise, any long-term bullish momentum is dead in the water.