EURUSD 4H Short IDEA
EURUSD is still in a downtrend on higher timeframes. The trendline has been respected with a rejection of the 61.8 Fibonacci which also happens to be a nice resistance zone. I do understand that support may be formed around the 50 Fibonacci but until this structure is broken, I will only be looking for shorts.
Note: analysis has been simplified for leverage.
Note: analysis has been simplified for leverage.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.