Solid price action trade setup here. I believe the EUR is not finished downtrending in the daily descending channel. Mostly, because of the coronavirus at a high right now . On the 1 hour time frame there is a head & shoulders pattern in formation on key resistance. Also the 100 EMA is coincidentally at support of head & shoulders. This could be the end of correction/ pullback and a perfect time to score some pips bearsss. Although, we need to take into consideration that is making new highs on rsi indicator, just stay cautious & tight stop losses folks.
Comment:
Yep I was right so far have made about 50% of tp. Easy 20 pips ride the wave & prepare to hop on long or short its gonna be a tsunami.