Anticipating further lows after breakdown today
EURUSD
This is how you draw a pair of tramlines for the completed 161.8% fib ext draw.
You draw the first tramline connecting the top 2 points of the draw and the lower tramline from the second red candle close low. This gives a guide as to where the retracement can come to before making new lows again.
Trade closed: target reached:
Technical perfection. Targets reached.
Looking for a continued sell off into tomorrow down towards the 1.001 level.