With the Euro under sellers pressure, currently under a correction, we could expect the pullback towards the Fib golden level for further bearish continuation. The current price structure allows the setup of entry at the confluence level, where the Fib level encounters the descending trendline.
The order:
Type: sell-limit
S/L: 100 pips - R:R | 1:3 -
T/P: support level
--
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The order:
Type: sell-limit
S/L: 100 pips - R:R | 1:3 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
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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.