Last week we saw a clear break of the black daily trend line and so I'm expecting a possible retrace back to the trend line and bounce. I also have a counter trendline in which the 61.8 and the resistance 1.1150 is lining up to create a perfect short opportunity. First take profit is 1.1050 which is the -27 off the fib.
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.