Description
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As you can see price already broken below the ascending trendline for EURUSD. Right now price retracing at 61.8 fibonacci level.
This could be a good entry point for sell positions. As wave-2 tends to end around 61.8-78.6
We will sell EURUSD here to ride the movement of wave-iii.
Sell EURUSD 1.2085
Stop loss 1.2160 (75 pips)
Take profit 1.1825 (260 pips)
RR ratio 1 : 3.4
Use only 1-2% risk
Good luck