EURUSD SHORT POSSIBLE RETEST OF BROKEN SUPPORT

Pair in downtrend. I´m expecting a retest of broken support in 1,12600-700 area. Please don´t FOMO, don´t enter earlier. It is better to miss a trade than loose money. Don´t use entry line blindly. Wait for confirmation in form of rejection candle ( shooting star , bearish engulfing p.) Green TP lines are suggested TP zones but also pullback zones. Don´t let your profit to disappear. I suggest you to TP1 50%, TP2 25% TP3 25%. After first TP move your SL to break even and let it run. Yellow SL line is calculated as 1 ATR from daily chart .

When entry conditions are met I will update this idea. If you follow me, you will receive the update. If you don´t check few of my previous ideas and winning rate. This is not a financial advice. I wish you good luck.
Trend Analysis

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