EURUSD is in a clear down trend. A long tailed bearish bar formed on a support and resistance area. This should give a high probability for a continuation of prices moving down at least to previous low, but maybe even further to the next and lower Support and Resistance area. I will enter at a break lower targeting 2R for take profit. I will monitor the trade, if it is triggered, especially around the previous low.
I have made the following entry in my trading journal:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-01 EURUSD Short With trend Down Horizontal Resistance Long Tail break
I have made the following entry in my trading journal:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-01 EURUSD Short With trend Down Horizontal Resistance Long Tail break
