I am currently not following this downtrend idea. I am currently long for a short period of time adjusting my stops. I am afraid EU looks too good for a short for me to be confident on a short on UJ. See my next idea on EURUSD if you have any questions. I have reason to believe that short could be an option, but a short here is risky based on USD fundamentals. Holding off on this trade. Waiting for a bigger downward movement before considering my idea to be 100% valid.
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Strong LONG 2HR candle passing above fib resistance levels. Longing this... Shorting EU
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I broke even when market retested and splitted back down. Original idea correct. Too bad im not following it. Good luck for those who did. Nice pips on that short.