Magnatrio

EURUSD Swing Idea

Short
FX:EURUSD   Euro / U.S. Dollar
Price is clearly in a falling wedge meaning a bullish reversal is imminent, overall. But scaling into price's current movement, I had anticipated a third touch on our resistance trendline, of which price did give us. Not only that... we also got this touch on the 78.6 Fibonacci retracement line, which give us a more stronger bias about our anticipated short positions. Entries will be triggered when price breaks below that rising wedge . My target will be the -27 extension.

*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
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