eur/usd short position after breaking November low
Price shows a weekly continuation candle. although it is a weak continuation candle its still taken into consideration. Keep in mind it broke an ascending channel support as well, also adding that it has reached November low, if price breaks support i plan on entering short on lower time frame confirmation candles. IF price is rejected and turns to the upside i will most likely wait on a pattern to form. i will wait for now for the break and a daily candle to close below the support after a retest.