EURUSD: Simple Setup

FX_IDC:EURUSD   Euro / U.S. Dollar
1215 4 42
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I would just keep it simple. Enter on a stop below the last candle with protective stop above it. Since candle is small, you would get excellent RR in case the 2 bar reversal is the top of the tranding range. Take half off at 2x risk , move stop to BE and swing the rest.
thejohn74 PRO thejohn74
thats a short direction trade just to be clear.
EUR has a conundrum. It has a 100% correlation problem with USD when this pair near 1.0. That 1.0 will be significantly passed by expanded money easing policy, could be doubled.
Looks very nice:). Can you put up Fib levels next time so we can see the veryfication of the pattern?
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