Charlieab94
Short

EURUSD Short Trade *FLAG PATTERN & FIBONACCI*

FX:EURUSD   Euro / U.S. Dollar
Here is a simple bearish flag continuation trade on EURUSD

Heavy bearish move last week followed by some nice consolidation on the 1hr timeframe. Price is now rejecting the Fib 0.382 retracement level with multiple wick rejections.

SL = 30 pips to put it above Fib 0.618 level

Profit target is at the Fib 1.618 extension level to take advantage of the bearish momentum.
Trade active
Comment: Lots of bearish momentum now. Flag was broken and retested perfectly
Comment: I will take some profit at the Fib 1.217 extension to not be greedy
Trade closed: target reached
Target 2 almost reached at the Fib 618 extension.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out