sugardaddyFED
Short

Eur/Usd Short setup

FX:EURUSD   Euro Fx/U.S. Dollar
412 0 7
Watch 1.10640 as a strong resistance zone and secondary resistance zone comes in at 1.10350 = Sell zone.
Previous AB - CD playing out point perfection

4 hour:
200 ma sits at 1.10350 (Sell zone)

1 hour:
Rising wedge on this corrective rally (waiting for breakout)
Wedge tip pointing to 1.10350
Tested 1.10043 (minor structure)
Corrective rally has 50% Fib retracement at 1.10096 acting as magnet and 38.2 % Fib at 1.10551 (in between Sell zone)
Hourly 200 ma sits at 1.1006 that could act as resistance

Targets:
1.08621 was previous support or buy zone (minor structure)
1.08171 was previous low
1.07000 AB - CD pattern

Short Invalidated IF:
Breaks above 1.1065
Breaks above 1.10991
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