EURUSD breakout short idea
Waiting for third touch of trendline or a breakout. If bounce off the trendline, look to short at 1.14 psychological level, or at 0.786% or 0.618% fib level.
Breakout - look for 1:1, target 1.12162, SL 1.14050
0.786% rebound - look for 2:1, target 1.12162, SL 1.14050
Resistance area retest - look for rebound at 0.618%, 3.5:1 risk, target 1.12162, SL 1.15050
Breakout - look for 1:1, target 1.12162, SL 1.14050
0.786% rebound - look for 2:1, target 1.12162, SL 1.14050
Resistance area retest - look for rebound at 0.618%, 3.5:1 risk, target 1.12162, SL 1.15050
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