EURUSD Short- London Session - 1:6 RR

21 May

Good Morning London,

The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week.

https://www.tradingview.com/x/aGj5J0qD/

Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York.

I'm anticipating a bearish continuation this morning based on the following:

• 30mins BMS with price currently within HVA
  
• Price traded above the 15mins buyside zone EU open where I'm looking to be a seller
  
• H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356)
  

Potential RR is a 1:6 adjusted to a static RR.

21 May

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21 May

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