Pretty straight forward concept?
Price failed to break out of short term resistance on it’s Asian open marked with the first ‘x’ and was again pushing out of a new short term consolidation without momentum when I got short at ‘x’ number two.
I am looking at this as a second chance to get short as I missed the first entry last week.
Pretty much a carbon copy of the first setup where price has failed to push up against the trend into resistance. The main argument to take EUR/USD is that yesterday, price was sold hard off that four hour trend line posted on Twitter.
Stops at new weekly highs. Take your pick…