Euro / U.S. DollarShort
EURUSD Sell signal on the 0.618 Fib
EURUSD hit the 0.618 Fibonacci retracement level and got rejected.
This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did.
Trading Plan:
1. Sell if today's candle closes in red.
Targets:
1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50 1d).
Tips:
1. The RSI (1d) is already forming a peak reversal pattern just before hitting the 70.00 overbought level. A clear sell signal.
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Notes:
Past trading plan:
This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did.
Trading Plan:
1. Sell if today's candle closes in red.
Targets:
1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50 1d).
Tips:
1. The RSI (1d) is already forming a peak reversal pattern just before hitting the 70.00 overbought level. A clear sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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