EURUSD setting up for a nice sell, price has nearly completed the pullback needed to reach 61.8% on the Fibonacci retracement tool, and as we know 61.8% on Fib is the highest activity we see. Expecting this area of previous support to now become resistance on this downtrend, and my trend line coincides with my sell. Just waiting for candlestick confirmation in which long candlewicks should form indicating price is exhausted and cannot move upwards..
The Stochastic is nearly above the 75 mark to confirm my trade, all we need to do now is wait for the retest.. and the bollinger band is getting more and more stretched showing that the chart should ping back down.
The Stochastic is nearly above the 75 mark to confirm my trade, all we need to do now is wait for the retest.. and the bollinger band is getting more and more stretched showing that the chart should ping back down.