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evansurfs
Oct 4, 2018 5:15 PM

EURUSD Failed to Break Channel, Continuation  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD failed to break the trend channel it is currently in - which aligned with a previously broken zone of support which is now turned resistance. Entered on the retest of the broken zone.
Looking to take this trade to the next support zone, and bottom of the channel around 1.1448.

As always:
1. Break of trend
2. Retest the broken zone
3. Continuation

Trade closed: target reached

Profits secured.

NFP drove EURUSD to break and retest this trendline and am now taking a long position EURUSD.
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