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m_vahhaaj

Descending Trendline Holding | EURGBP Sell

Short
Euro / British Pound (OANDA:EURGBP)  
m_vahhaaj  
OANDA:EURGBP   Euro / British Pound
Support and Resistance Fibonacci Trend Lines EURGBP SELL
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supportandresistance fibonacci trendline eurgbp sell
EURGBP



Confluences:
1. 0.9 Psychological Resistance.
2. Falling Trendline - 3rd Touch.
3. 61.8% Fib level holding.
4. 50 EMA Resistance on Daily chart.



Setup Invalidation: If price returns and closes above 61.8% fib level.


Entry Signal: Bearish Momentum candle on 1h or 15m.



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