EURUSD Short - Fibonacci Entry short (against major trend)
Updated
Hello all
Although the USD is weaker on higher time frames and in general all pairs XXX USD are heading higher on the daily / weekly and monthly time frames.
Based on current cycles making new lower lows, I am looking for price now to make a new lower high and in turn at this fib level of 61.8% retrace of the previous leg lower start to make its second faster push lower to the current weekly S2 level.
Lets see what happens next
Cheers
Duncan
Although the USD is weaker on higher time frames and in general all pairs XXX USD are heading higher on the daily / weekly and monthly time frames.
Based on current cycles making new lower lows, I am looking for price now to make a new lower high and in turn at this fib level of 61.8% retrace of the previous leg lower start to make its second faster push lower to the current weekly S2 level.
Lets see what happens next
Cheers
Duncan
Trade active
Trade active - lets see if it goes lower, needs to break 1.2078 for confirmation
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