Short aggressive momentum trade on EUR/USD
Updated
Close of price as a high test bar below a tested level (at ~1.1050) in conjunction with the 8 ema resistance and an apparent "kiss of the trend line" after a break below close below prompts an aggressive set up to the short side with at least a 1:1 reward-risk profile.
entry - below low of high test bar
stop loss - above high of high test bar
target - at the next key support level around 1.0800
entry - below low of high test bar
stop loss - above high of high test bar
target - at the next key support level around 1.0800
Comment
Today's inside bar still offers a short set up.entry - below low of inside bar
stop loss - above high of mother bar
target - as previous
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