EurUsd is setting up for a possible ab=cd highlighted in Red on the chart
We have a possible channel trend coming to an end EurUsd is clearly making it's way back down will the cd move ever happen? It's too premature for that... But a smart trade would be to short eurusd now for about 40 pips take down to the first green line tp is about 113.80
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Update: EurUsd did drop when it was ready... I was about 40 pips off from my entry. The good thing is you can renter when trade is ready. Right now EurUsd is continuing to drop, looks like a distorted Head and Shoulders. I'll wait for more clarity>