EURUSD : Downtrend Intact - Short for 0.5 fib. 0.382 extension
We may see little pullback on Monday Session towards 0.618 fib. which could be the consolidation from recent downside and again breaks down towards 0.5 and 0.382 in extension.
Target 1 : 1.10629
Target 2 : 1.09328
Target 1 : 1.10629
Target 2 : 1.09328
Note
Sell Limit at 0.50 fib (1.1576)looking for Target 1 (1.10629)
Trade active
Tested 0.618 Fib Levels couldn't break it.Sell Limit Triggered @ 1.2100
Note
Now Holding 2 shorts.0.618 fib and 0.5 fib
Target 0.38 fib levels
Extension December Lows
Trade closed: stop reached
Stopped out at 1.21Note
Looking for re-entry to short.
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Related publications
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.