EUR/USD on the 4h chart appears to form an ending diagonal with waves 1,2,3,4 completed and wave 5 pending to confirm the pattern.
Price action analysis also indicates a bearish setup with the supply area highlighted in blue color holding its ground with price failing to break above.
Taking the above into consideration i just went short with the indicated reward to risk ratio.
Price action analysis also indicates a bearish setup with the supply area highlighted in blue color holding its ground with price failing to break above.
Taking the above into consideration i just went short with the indicated reward to risk ratio.
Trade closed: stop reached:
Stopped out as EURUSD is choppy ranging sideways and in consolidation
