Short EURUSD
1. RSI testing descending resistance line
2. Stochastic at extreme end
3. Major resistance at 1.23752: Fibonacci retracement (50%), horizontal resistance overlap
4. Take Profit, stop losses are slightly above/ below the Fibonacci key levels
5. Threat: There is an ascending support line that price might rebound from
2. Stochastic at extreme end
3. Major resistance at 1.23752: Fibonacci retracement (50%), horizontal resistance overlap
4. Take Profit, stop losses are slightly above/ below the Fibonacci key levels
5. Threat: There is an ascending support line that price might rebound from
Trade closed: stop reached
Ascending support line held
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.