EURUSD: Clean Analysis On A Potential Short Opportunity

FX:EURUSD   Euro / U.S. Dollar
1017 5 17
Analysis on chart!

Price up into dynamic resistance for the fourth time where we have seen a decent move away from this previously...

We have a Fib Cluster in this area with divergence on the RSI and at the time of writing this the current candle pushed up and got rejected maybe suggesting some selling pressure from this level?

Two potential targets offering alot of pips!

Any likes, shares and or constructive feedback is welcome and everyones continued support is very much appreciated!

Nice clean chart mate, and looks like a perfectly reasonable trade but I think I would look for the easy pips, that is you first profit target as the daily chart look a bit more bullish, thanks for sharing and good luck; by the way I am short from 1.1065
+1 Reply
Thanks Tuamen your comment is appreciated! I like to include a longer term target for longer term traders but this would mean a break of structure to the downside so I completly understand your point! Good luck with your position!
Nice chart. If it wasn't Frday afternoon I'd be tempted. Let's see what Mon brings.
True Marvin, some traders dont mind holding positions over the weekend and some do! But this is only an idea of mine not telling people to trade it! Hope you have a good weekend sir!
Marvin SmartTradingFX
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