EUR.USD - Intraday Technicals Can't Be Ignored

Currency Pair: EUR.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

EUR.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

Kommentera:

Although price has moved in the predicted direction it failed to consolidate deep enough for an entry.
Full transparency i didn't take this trade, however i hope those who did made some solid return.

Kommentera:

If you are currently short, i would look to trail your SL given the 4hr TF deceleration.

Kommentera:

Given current candle formation i expect a test of 1.1720