• Vasily Trader

EURUSD: Trend-Following Trade Explained

Hey traders,

EURUSD looks very bearish this morning.

Forming a double top with a lower high on 4H,

the pair is approaching a strong intraday support now.

Bearish breakout of 1.1616 - 1.1632 area (4H candle close) will be our trigger to short.

Goals will be 1.1573 / 1.153

In case if the underlined structure is respected and the price sets a new higher high,

the setup will be invalid.