EURUSD Reversed Nicely Off Resistance!
Sell entry 1.1745.
Stop loss 1.1789.
Take profit at 1.1644.
Reason for the trading strategy (technically):
EURUSD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stop loss 1.1789.
Take profit at 1.1644.
Reason for the trading strategy (technically):
EURUSD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
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