Draghi: "The Euro cannot go any higher, it must go down."

The reasons for this trade are based on
the geometry and algebra in the image above

Comment:

I will be watching the next daily bar.

Comment:

the length of the next daily bar
will show us how badly support is broken,
and how likely price will continue

Comment:

Also, the momentum from today's bar,
will carry over to tommorow.
First Target is todays bar,
Second Target is tommorows bar,
Full Target is about 4 daily bars

Trade active:

Also, note the today's daily bar low,
it will be support for the next daily bar,
and it will give a hint about how far price will extend.

Trade active:

I moved the stop loss to break even
plus a few pips, now we just wait

Trade closed: target reached:

trade closed target reached

Trade active:

trade re-opened at 1.060000

Trade closed manually:

trade closed trade closed

Trade closed: target reached:

eurusd