EURUSD, Potential 50+ pips short move
EURUSDMarket structure broke quite a while back, which is now forming LLs and LHs.
On the H4 I have drawn a small little Fib which captures what looks like a retracement...
hoping to ride this all the way down and later on to look for more opportunities.
However, if this does break the above the drawn Fib, we can expect a retest on that D level (1.21610) and ride it up to the next H4 level (1.22180).
Note
Well that didn't go as planned but there is some rejections there at the peak and waiting for a break and retest to the downside, if not the to the upside...Trade closed: target reached
Although it hit my first SL, I found a re-entry and currently securing about 50 pips running...initial idea was correct but was oblivious to some levels but that is how we learn.
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