LDForex_

EURUSD- Bearish Reversal on 23.6% Fib Level

Short
FX:EURUSD   Euro / U.S. Dollar
-Very good opportunity to enter a short position on the retest of the supply zone which is in confluence with the 23.6% fib level.
-Another confluence is the EMA's which show bearish signals as price is below both EMA's.
-Top down analysis from the weekly and daily show bearish signals which gives me confidence the bears are in control of this pair.

Order cancelled: If I placed a market execution trade on this pair I would have got stopped out so it is very important to wait for a strong bearish confirmation before placing a trade.