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UnknownUnicorn3974120
Dec 12, 2019 8:15 AM

Fib 50 retracement and bearish move Short

Euro Fx/Swiss FrancFXCM

Description

Price is forming a small downwards trend to a pre-existing major ascending trend line.

The minor small pink trend line has a bearish bar forming outside.
RSI is close to the over bought.
I would like to sell the position down to the trend line. The projection of the trend line coincides with numerous levels of Fibonacci confluence.

Comment

Broken out if trend line and still respecting main.
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