Euro / U.S. DollarShort
EURUSD Short
On the daily, shooting star to downside. weakness to break descending trend line. Fib tool price retracement to 61.8% and retest of trend line on the daily timeframe. Bearish engulfing candle and hanging man (or spinning top on the 4hr timeframe signaling downside possibility).
Lets retest the 1.1180 zone where we had 2 rejections (i.e. support levels previously)
Wait for price to test descending trend line at 1.132 onwards for a good short entry.
Lets retest the 1.1180 zone where we had 2 rejections (i.e. support levels previously)
Wait for price to test descending trend line at 1.132 onwards for a good short entry.
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.