Chartster
Short

Short opportunity off of resistance and fib

FX:EURUSD   Euro / U.S. Dollar
332 2 5
Anticipating a possible break of the TL
and then price to reach resistance which was previous price support
added confluence with the fib level 0.382
target 240 pips
Hello, your Anticipating was correct today euro break the 1.070, but the euro shows more resistance at 1.0690. what do you think the next target up or down?
Reply
If prices hits my target 1, I will wait to see how price reacts around the support line if it holds we may see a small rally into previous structure followed by another drop. If it breaks i'll wait for a pullback to support turned resistance to add to the short, targets of which I'll use the fib extension to determine.
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