eurusd has risen to the top of its bullish trend channel in an abcd structure and made a small bounce off. we can sell(cautiously) the breakout of my tiny yellow trendline(1st arrow and higher probability of retracing back to entry or higher). or we can wait for price to go up into my red boxed zone (tighter sl and higher probability price will not return to your entry after it starts to go) where we can watch price action for an indication of reversal to make an entry. sl may change and get tighter as i have not entered the trade yet but for now i will be open to placing it 15 pips above the high. tp2 position will be trailed manually aggressively as eurusd is in a bull trend and price may reverse before hitting 61.8 and i will not let my second position close as a break even after being in profit.
sell eurusd setup entry: to be determined sl: 1.13800 tp1: 1.12075 tp2: 1.11099
potencial gain: aprox. 200 pips
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rejectkion in red boxed zone
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markets may bounce off my gray trendline. this will indicate a very strong bullish trend. hold shorts cautiously