Get started
McbmMM

Eurusd downtrend. 2 hour.

Euro / U.S. Dollar (FX:EURUSD)  
McbmMM Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns 618 Fibonacci Retracement 786 Fibonacci Retracement conformation newtraders
3
0
trendanalysis chartpattern 618fibonacciretracement 786fibonacciretracement conformation newtraders
If we look a closer look on the 2 hour, we just broke under the "HL", red line.
Look for the pullback to the 0.618 or 0.786 retracement.
RSI almost oversold.
The bear's is "tried".

Trade begin: 0.618
Targets if complete: 1.22562
Stop loss: 1.24111
1½:1 trade!

Trade begin: 0.786
Targets if complete: 1.22562
Stop loss: 1.24111
3:1 trade! Let's go

RSI: oversold still.
Trade active:
Trade 1: begin 0.618 HIT
Trade 2: still going on.
Trade closed: stop reached:
Trade 2: stop hit.
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.