EURUSD - Trading with trend (Short-term)

Risk/Reward profile seems better going long, however, expecting pull back. This is a short-term trade using 1hr charts.

Short entry set up potential, but waiting for confirmation of a pull back AND a trade set up that favors a 3:1 reward/risk profile.

Trade is contrarian to current sentiment (73% Short).

TREND ANALYSIS:

• 1W - Uptrend
  
• 1D - Uptrend, but potential pull back
  
• 1Hr - Uptrend, with recent pull back creating entry with 3:1 R/R
  

1D

1W

EURUSD

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SL (7 pips)