Price broke out of an ascending channel with strong momentum, we await a nice retracement to go short.
Nice RR. 6.3:1
Disclaimer: This is not a financial advice. Use proper risk management. Goodluck.
Top down analysis shows that we are bearish on EU.
Fundamentally we are facing an economy melt down.
We expect either of these two scenarios to play out;
1. A buy up to the nearest tested resistance and sell continuation
2. A break of the resistance to fill the H4 imbalance and a sell continuation after.
We shall wait for confirmation to sell at the first...
