EURUSD Short Trade - *Intraday Set Up, Trendline & Fib*

There is now another opportunity to enter short on the EURUSD currency pair.

I am still holding my short position from 1.14 because price made a lower low last week and it is now forming another lower high so my bias is still bearish.

- Lower Lows & Lower Highs
- Double top rejection of Fib 0.5 retracement level
- Price is rejecting 1.13 intraday resistance zone
- Bearish trend

Stop loss is above Fib 0.618 level to avoid any spikes and stop loss hunts.

Profit Targets are at 1.115 and then the Fib 0.27 extension level at 1.1110

Trade active:

4hr resistance and Fib 0.5 holding nicely. Entry short comfirmed

Comment:

Nice rejections of the 0.618 fib level and trendline. This was probably the better entry but there is now some strong bearish momentum.

Targeting 1.115 and then 1.1110