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Note: We previously hit a 50pip SL at this level, we're now looking to make back the loss. Risk is the ECB, but again, we're only looking at an SL of 50pips.
EURUSD - H4
- Will we break divergence? - Find support and find normal levels? - Fundamentally, EUR is weak. - ECB rate decision = Risk - H1 - Bearish pressure - H4 - Bearish price action - broke sup level - D - Expecting it to be bullish
RISK:
ECB Rate decision and continuation of the downtrend, leading to the SL being hit.
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