Selling climax on EURUSD. A minor correction higher is likely

Selling climax on EURUSD. A minor correction higher is likely here. Tested April 2017 gap and bounce.

Kommentar:

Consolidation on 4H chart suggest a measure move to 1.08175 likely.

Trade wurde manuell geschlossen:

Stop raised to 1.07828. Too much selling pressure. Will have to trade lower for better buy signal bar.

Trade geschlossen: Ziel wurde erreicht:

Closeout the position measure move target reached and the breakout signal bar on the 4H chart isn't that strong. I think it will pull back before going much higher. The pair is still in a bear trend. So any reversal up is minor until a more substantial bottom in the form of a trading range is put in.