MEX_Exchange
Short

EURUSD testing major resistance, remain bearish

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.1832. Stop loss at 1.1888. Take profit at 1.1752.
Reason for the trading strategy (technically):
Price whipsawed around our selling area last week and held really well below our previous selling area below 1.1888. The goal today is to remain bearish below major resistance at 1.1832 ( Fibonacci retracement , horizontal pullback resistance) for a drop to at least 1.1752 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (89,3,1) is dropping nicely from our 93% resistance with good downside potential.
Hi MEX_Exchange, really respect the analysis you do. What is your take on harmonics?
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thanks for the analysis!
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Hoping there wont be anymore surprises like last time :D
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