LFX
Short

EUR/USD - WEEKLY FIB, LOOKING AT ALL TIME LOWS!

FX:EURUSD   Euro / U.S. Dollar
120 2 5
Can see a double top on chart, taking the neckline and copying it gives us the 1st target, which lines up with strong historical support.
Once the weekly Fibonacci D2 is broken we will look for a more precise entry to short to 0.87450.
Suspecting a breakout, retest, continuation.
This is on a longer time frame, nowadays the market fluctuates a lot. Have you analysed the short-time frame.
Reply
LFX Yahia.Awes
Yes this is a long time frame, however I have other trades that are executed based on shorter time frames, mainly D and H4. This W timeframe is just an overall projection that I wanted to post.
+1 Reply
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