Hello traders, welcome back to another market breakdown.
EURUSD has been reversing after rejecting the high of the range. The price is now trading inside a tight channel where traders look to short any type of pull-back.
Checkout the chart for where I would like to get a low risk position.
Could certainly play out, I'm looking at the opposing view for a long setup (just posted), but it's admittedly a med-low %, high R trade idea. I would generally prefer to be with the channel but I don't see a short entry I'd like. Always good to see other perspectives 👍
Leo-btm
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@HayeTrading the argument seems nice for the bulls as well. until we breakout from the tight channel I have to assume more down side to down