Lingrid | EURUSD Daily Long-Tailed BAR. Potential Short

The price almost reached the target zone in the previous post. However, EURUSD rejected the upward channel border. It formed a long-tailed candle on the daily timeframe, which means resistance rejection. It took liquidity above the previous resistance, then pushed back. The market failed to make new highs at the resistance zone 1.08600-1.08700 after testing it three times. I think the price may test it again, then roll back towards support. Today we have high-impact news that might potentially move in any direction. I expect the price to move down toward support. My goal is to support level 1.08000. 

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached:

The market tanked and hit the target level