SamKent

Short Term Trade Setup on EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
2
The EURUSD is in full rally mode, we have high momentum readings on the oscillators and some impressive looking buy candles. That being said, we have the 1.25330 level marked as significant resistance, so we're looking to use it as a counter momentum short entry, aiming to cover at around the 1.24444 level, going for a simple 2:1 in risk and reward terms.