EURUSD ON 1 HOUR TIME FRAME
the pair was rejected at 0.618 on the fibonnaci retracement 3 times before dropping in price from 1.17000 down to 1.16700 for a downtrend line retest.
the chart on a daily chart had reached 1.17000 which I was not sure about in the beginning but proved to be successful.
the uptrend trendline has been broken and the downtrend trendline tested and rejected.
I see 1.16418 as a good entry with a stop loss at 1.16673 and take profit at 1.15400 abd if the market still has strength then at 1.14580
the chart on a daily chart had reached 1.17000 which I was not sure about in the beginning but proved to be successful.
the uptrend trendline has been broken and the downtrend trendline tested and rejected.
I see 1.16418 as a good entry with a stop loss at 1.16673 and take profit at 1.15400 abd if the market still has strength then at 1.14580
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