Hitchhiking with bears. EUR/USD Short idea
In 15 Min. Chart we can see price bounced back from Fibo Level 38,2 and now has reached a key resistance level.
1st. possible scenario: Now on 1-h-Chart candle closed as a shooting star which is an indication of a bearish move (in a currently overall bearish market).
2nd possible scenario is a reach to Fibo Daily 23,6 and possibly bounce to the downside to reach new lows.
If someone wants to go for the 1st. scenario SL should be higher than previous high, which is above the Blue Box that i draw and Sell Order bellow the Blue Box, First Target at Fibo 38,2, Second Target is debatable.
Saver option would be waiting for retest of key level resistance.
1st. possible scenario: Now on 1-h-Chart candle closed as a shooting star which is an indication of a bearish move (in a currently overall bearish market).
2nd possible scenario is a reach to Fibo Daily 23,6 and possibly bounce to the downside to reach new lows.
If someone wants to go for the 1st. scenario SL should be higher than previous high, which is above the Blue Box that i draw and Sell Order bellow the Blue Box, First Target at Fibo 38,2, Second Target is debatable.
Saver option would be waiting for retest of key level resistance.
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