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EUR/USD pullback trading setup to ride on the downtrend
In the H4 timeframe, EUR/USD broke down from the descending triangle formation via a two-legged down swing. Currently a pullback is unfolding to test the resistance zone at 1.1690. This could present a potential pullback trading setup upon confirmation. Watch the video below (timestamp starts 4:35) to find out the one thing that traders must do when trading the pullback to up their winning rate:
Below are the key parameters for EUR/USD potential short setup for trading session on 30 Oct 2020. Pay attention to the one thing traders must do in the video to qualify the trade.
Entry: short stop order at 1.1668
Stop loss: 1.7091
Take profit: 1.6190
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