EURUSD 4HR, 4R (long-term trade)

EUR/USD OANDA:EURUSD

Agren

Found the zone to enter the trade on the 15min chart. It is in a solid downtrend channel . I think it has exhausted its move toward the upper line of the channel and has a lot of room down at least to the previous low support where I have my TP set slightly above. My only concern is that the near term price may not pull back up to tag me into the trade. It’s possible it could just consolidate here for a while and drop lower.

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