EURUSD SHORT SETUP MAY 2018
Updated
EURUSD seems to be exhibiting a rally, relative to its recent downtrend. If it completes a 38.2% to 50% retrace, it would also exhibit a band squeeze. A continuation of the downtrend should be expected if it bounces out of the marked entry zone.
Note
On course to the entry zone.Trade active
TP1 hit, looks like it's on its way to TP2.Trade closed: target reached
TP2 triggered. EURUSD may drop further to 1.171 or 1.170 after this pullback.Note
At least +90 pips.
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