The Eursd has put in a couple of nice candles in a row on the bearish side, my only issue is that they are news candles, which makes them a little less reliable from my personal experience. Provided we open up with no severe gaps I will initiate this series of 2 trades. I will open short 2 positions to the first rectangle. Provided target is met I will then close one position in profit and move the other stop to protect profit on that trade. Price at this point could bounce to higher levels but I assume it will make its way down to the bottom rectangle and ascending trend line. From this point I will close the 2nd trade and be finished with the set up. If price opens with large gaps the trade will be negated.
Comment:
Got the first downside target, it just hit the upside target. Im short again
