Sell the EUR/USD at channel resistance and horizontal resistance level for a quick move back into the bar channel. Stop above 1.3700 which offers 2:1 R/R targeting the prior swing low.
The overlapping wave structure in the current downmove may indicate its corrective nature therefore the bullish trend may resume invalidating this setup.
The overlapping wave structure in the current downmove may indicate its corrective nature therefore the bullish trend may resume invalidating this setup.