EUR/USD SHORT - CTL/H&S/Downtrend/Correlation

27 feb 2017

Shorted this pair as USD seems to have a correlation of strength right now looking at other pairs as well, also,the pair has touched and respected the CTL twice on the M15 chart, i waited for two touches then shorted. Also, the pair is in a downtrend. Placed TP at the 1.05 major level, i beliee it will go below this, however, it will face heavy resistance so i've placed my TP here.

TP @ 1.05000
SL @ 1.05998
R/R @ 4.5