Euro / U.S. DollarShort
EURUSD SHORT
4HR Time Frame
Price trading in uptrend from 15 August '18
Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there.
Hidden Bearish Divergence (Reversal)
Price=
22 August '18 High
24 August '18 Higher High (Lower High on RSI)
Price currently at .618 Fib level of down trend
Start 14 June 18
End 15 August 18
Fib level
.618 level = 1.16429 (resistance)
0.786 level = 1.17358
Trade entry at 0.16268
Stop loss 1.17358
Fib Levels for end of down trend - possible bullish continuation ( level to watch and possibly close short )
Start of uptrend 15 August 18
end of trend 24 August 18
.618 Level 1.14305
TP 1 1.15405
TP 2 1.14305
TP 3 1.13011
Price trading in uptrend from 15 August '18
Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there.
Hidden Bearish Divergence (Reversal)
Price=
22 August '18 High
24 August '18 Higher High (Lower High on RSI)
Price currently at .618 Fib level of down trend
Start 14 June 18
End 15 August 18
Fib level
.618 level = 1.16429 (resistance)
0.786 level = 1.17358
Trade entry at 0.16268
Stop loss 1.17358
Fib Levels for end of down trend - possible bullish continuation ( level to watch and possibly close short )
Start of uptrend 15 August 18
end of trend 24 August 18
.618 Level 1.14305
TP 1 1.15405
TP 2 1.14305
TP 3 1.13011
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