IMPULSE CORRECTION IMPULSE - TEXTBOOK SETUP

The EURUSD seems to be setting up really nicely for a second impulse to the downside. I expect one more push up to hit the resistance of this channel and will be looking to enter a short from there. My target to the downside is based on a Fib retracement and the impulse leg of this trade meeting at the same point.

Happy trading!

Linton White
QuickTrade
South Africa