EUR USD SHORT

9 thg 6, 2020

As we can see there was a big spike to the upside at a previous resistance level which was meant to take out retail stop losses and collect all the orders to push the price down, another confluence is the price was at 1.13850 which is a psychological level. You can wait for a retest into that zone or take an aggressive entry right at the candle close. This could be a retracement in an over all uptrend until it breaks the recent structure but the trade is already 80 pips in our favor and you can start trailing the stoploss.