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KC_Trades37

EURUSD, 4H, .786 Retracement

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
KC_Trades37  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Chart Patterns Trend Analysis Fibonacci EURUSD short Fibonacci Retracement newbie
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chartpattern trendanalysis fibonacci eurusd short fibonacciretracement newbie
I am learning and trying to understand how Fib retracements work. This prediction is based off of .786 Fib retracement with a short bias at that level.

SELL: 1.12288
TP: 1.11207
SL: 1.12787
RR: 1:2.17

Side note: Potential for 2 trades out of this idea...one on the way up, one on the way down. We'll see how it plays out. Please feel free to leave comments and feedback. Thanks.

KC
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