timmynorin

EURUSD (1h) 2618 short opportunity

Short
FX:EURUSD   Euro / U.S. Dollar
We have a double top followed by break of structure to the downside, followed by a retrace to 0.618 fib - which gives us an opportunity to get short with 2618 strategy.

I trade this setup without waiting for confirmation by, for example, engulfing . However, I put my entry higher than 0.618 to get better risk to reward.

Target just above a previous structure, and potential profit taking zone, see circle.

Trade closed: stop reached: Nope!