A nice move down on the EUR once a lower high became evident. The breakout long traders got lucky, so we had to be patient. The CHF confirmed the EUR move and AUD also set up nicely.
The UK traders faked short at the open, then reversed the EUR upward taking all the breakout longs along for the ride. Price peaked then put in a lower high with a hammer-like wicky candle. An entry short at the open of the next candle met our 3:1 minimum reward to risk ratio. Price moved down allowing us to take the risk out of the trade and move our “take profit” down above structure. Although neither of our targets is hit before the UK close, the trade worked out very nicely.
Good luck with your trading and always be selective and patient with your trade set-ups.