Niverto
Short

BEARISH TREND CONTINUATION TRADE

FX:EURUSD   Euro Fx/U.S. Dollar
72 2 4
Hi traders,
Price has broken to the downside and is likely to test the 0.618 fibonacci retracement (Daily), I am anticipating a retracement back to the previous support that became now resistance to get a better short entry price.
I will also watch the RSI for an oversold condition to confirm the analysis.

Happy trading
Trade closed: target reached
Nice chart analysis.
Reply
Niverto AleksandrKorshunov
Thanks Aleksandr, the more we keep it simple the better the clarity of the analysis.
Reply
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