🔸Hello traders, let's review the 2 hour chart for EURUSD today. Risk/reward shifts to BEARS favor currently, since bulls were unable to push beyond 0900 S/R, right now distribution in progress, compression into bear flag.
🔸Short-term price action locked in tight range, bears should focus on short selling rips/rallies toward 0900/0920. We are slowly building up a distribution structure, expecting dump later towards end of January.
🔸Recommended strategy for EURUSD bears: wait for price to re-test near 0900/0920 and short sell with SL fixed at 0960 TP1 +60 pips TP2 +120 pips. swing trade setup, patience required, good luck traders!
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