Greg_Fxst

Bearish Continuation

Short
FX:EURUSD   Euro / U.S. Dollar
Yesterdays Low and Tights flag never gave a signal and the pattern became invalidated, turning into a descending channel. As expected with a descending channel we have seen some relief pulling back into a 1st chance entry zone. There was a nice double top over night so would need a 2nd chance to get involved. if price pushes higher then there is another killzone around the 618 retracement for another opportunity to get short.
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