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JeanConsole
Aug 16, 2016 12:23 PM

Trendline PRZ Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD broke below the rising trendline from December last year and now its approaching to it for a potential retest and continuation to the downside.

I like the AB=CD completing at the same place that the 1.27 ext, just a bit higher than our psychological number of 1.1300. Will keep an eye on it for a entry technique in a lower that fit into my trading plan in this zone.

Keep it simple, and focus on the process

Twitter: @JeanC680
Jean

Comment

Price is currently in my PRZ waiting for an entry signal in a lower time frame

Comment

Price is not giving me any signal that it wants to go lower yet. I'll keep watching it
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