EURUSD - Looking for a better entry

PAIR IN FOCUS: EURUSD
ACTION: SHORT
HORIZON: SHORT-TERM

An attempt to rebound may seem lacklustre, and this sparks my interest for a short opportunity. Ideally looking for a retrace, retest and rejection of the S/R level before any bearish move down. This will provide a better R:R for this trade set-up. The Stop Loss level only comes into play when price retests the S/R level. It is possible that price may just melt into the TP Zone without any retrace.

The TP zone and Stop loss level are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

Free Telegram channel for FX Ideas -- https://t.me/tradermozo