Profit taking

EURUSD has dropped a lot recently (500pips in less than a 8days to be precise). With the 2150 ahead we can expect some profit taking. Since we are in a descending channel we can expect the the buying to be over at 2320's {H4 pivot support}. For that reason EURUSD can offer a great RR opportunity at  2210 with a +5R. Entry would be around 2210, SL at 2185 and TP in the 2320's. The entry and exit level has a very good price structure and fits into the supply&demand play very well

1. technicity – check
2. velocity – check
3. extremes – check

Focus on the process, good RR and always have on your mind, that the probability is less than 50%.
Have a great weekend.

JK.