TheSupportResistanceTrader

Shorting EURUSD at important structure and "Broken fang"

FX:EURUSD   Euro / U.S. Dollar
The EURUSD             has multiple times bounced from the purple box but has recently broken through it and is now coming back up. We look to short it when it comes back into the 1.108s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs.

Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 1.5101. Moving my stops to breakeven when price hits 2/3 of profit.

Good luck everyone and as usual, hold your thumbs!
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