EURUSD has rejected resistance multiple times. We entered at 9:45am when price was under the 14EMA. The analysis is still valid and is providing an opportunity to get in for a sell at a higher price with a tighter SL. Risk at this moment around 8 pips. Reward still 30+ pips. This trade is risker than we usually take however with the SL being so tight this is a good risk to reward. As always, will keep you updated in the comments.
*Keep in mind we captured 60 pips between Tuesday and Wednesday. It is normal for the markets to consolidate and not bust out any major moves the next day.*
*Keep in mind we captured 60 pips between Tuesday and Wednesday. It is normal for the markets to consolidate and not bust out any major moves the next day.*