Continuation of bearish movement with Fibonacci targets

After closing positions and returning to analyze the possible scenarios in the short medium term, we see how the bearish movement initiated in yesterday's session, continues alive and active.

The current situation in the chart indicates a bearish bubble state in the SEC oscillator of OB. What makes me think of a supposed drop in the price to levels around 1.59

Level in which, in the case of fulfilling the named scenario, we would enter into short positions, for profiles with a higher level of risk, the taking of positions would be at the current market price.

Although I stress the possible scenario of seeing the euro return to touch LDP (Yellow Line).

Possible bearish entry scenario:

— Entry: around 1.61.

— Stop Loss: environment 1.1624.

— Take Profit: in the Fibonacci COP environment 1.15

The benefit / loss ratio is 2.35

Hek.

EURUSD

Trade active:

We enter with short positions ...

After taking air and leaving OS areas, the price has stopped in the area of the fibo retreat (0.618), bringing together FDK and LDP.

Trade active:

We are attentive to the second test of the OP of Fibonacci, where it has demonstrated resistance and has marked a double button.

Let's see if the narrowing of squeeze helps you in the impulse towards Take profit.

Trade closed: target reached:

We close operation to reach the marked objective, we return to the market analysis and to take positions again