EUR.USD - Textbook Short Opportunity

Currency Pair: EUR.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live EUR.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Yorum:

Although a valid setup, price has failed to pull back deep enough prior to the London session.
Given that we have NFP i won't run the risk of taking this position.