Long EURUSD from here, and adding more at 1.1735. It looks to me Friday's shorts will be screwed on this move - many of them sold on the wide bar up waiting for a retracement, however such a huge volume didn't take price anywhere. As usual, placing tight stops below the formation, as in trading everything can happen, but with such a high number of shorts on my side odds are in favour of the long continuation. First target - highlighted area, however longer term expecting it to move up and slightly above 1.20 (1.20-1.21)
Trade closed: stop reached:
Stop reached, but will re-enter if it breaks above 1.1720 again