Just awaiting PA here to confirm the short. Had a break and retest now just need the continuation confirmation. Simple top down analysis here. Target 1 = 118.60 Target 2 = 116.00
Nice trend based FIB extension PA on the 1HR eur...
Reason 1: Obvious down trend *Bias* Reason 2: Channeling in a down (Sellers taking a breather) Reason 3: A strong indication of a bearish flag in the down trend
So i know most traders have posted their analysis on this pair throughout the last week or two so i thought id throw up my own. I got in just under the 0.75 even handle after the break and retest of the double top neckline , I could of got a better entry if i entered on the break and retest of the CTL which also created the Double Top but to be honest i missed...
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PA broke the 2011, now waiting for a retest, and it's a long.