EURUSD remain bearish as we continue to test resistance
Sell below 1.1918. Stop loss at 1.1955. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.
כתב ויתור
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