EURUSD (1h) 2618 short opportunity

2 בפבר׳ 2017

We have a double top followed by break of structure to the downside, followed by a retrace to 0.618 fib - which gives us an opportunity to get short with 2618 strategy.

I trade this setup without waiting for confirmation by, for example, engulfing. However, I put my entry higher than 0.618 to get better risk to reward.

Target just above a previous structure, and potential profit taking zone, see circle.

2 בפבר׳ 2017

עסקה סגורה: הגיע לסטופ

Nope!