olayinka

EURUSD - BOTH SCENARIOS BUT FAVOURED SHORT

FX:EURUSD   Euro / U.S. Dollar
Ive got a short Bias on this however the weekly candle is a Doji so price is still unsure.

reason for my short bias:
-Double top rejection at 1.14 resistance area .
-M.A to downside
-Lower lows and Lower highs as price has been falling.
- Lower high on C.T.L touch in confluence with 0.5 FIB Retracement so L.L expected
-Daily close below Resistance 1.09 area

My downside target is in confluence with major monthly support in which also you will find the trendline and Fib D1 as extra confluence.

Whats your thoughts buy or sell?

Related Ideas

thanks for the chart
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olayinka PRO Pip-thief
happy it helps
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