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Niverto
Jun 15, 2016 5:48 PM

TREND CONTINUATION TRADE Short

Euro Fx/Swiss FrancFXCM

Description

The global trend is clearly bearish (confirmed by the 100 EMA and the Daily timeframe), I will then be looking for a short trade.
On my trading timeframe (1H), price has broken the structure to the downside making a lower low, I am waiting for a better price for entry short and will wait for a retracement back to previous structure aligning with Fibonacci confluences (0.618 & 1.618 extension).
Any comments appreciated.

Keep it simple
Happy trading
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