MEX_Exchange
Short

EURUSD profit target reached perfectly, prepare to sell

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.1878. Stop loss at 1.1949. Take profit at 1.1747.
Reason for the trading strategy (technically):
Price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance) for a push down to at least 1.1747 support ( Fibonacci retracement , horizontal overlap support, Fibonacci extension ).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.

Comments

great, thankyou
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Thanks for the analysis!
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Great eye to spot the move my friend, sending thanks from Czech Republic!
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