After evaluating the the higher time frames it is evident that EU is in a long term short. As shown on the 4h TF you can see that it is clearly at the top of a downtrend channel hence why I believe now is a key time to short. Risking very little is key here as the R/R ratio is extremely well. Lets see how this plays out.
Moving take profit to 1.13050
Trade closed: target reached:
Excellent trade from start to finish. Hope everyone else benefitted too. I always encourage feedback.