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UnknownUnicorn11660984

EURUSD - LH/LL & Reversal - Short

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
UnknownUnicorn11660984  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD reversal lowerhighs lowerlows
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trendanalysis chartpattern eurusd reversal lowerhighs lowerlows
EURUSD - LH/LL & Reversal - Short

I've entered a short position on EUR\USD after completing multi-timeframe analysis.

The confluences are:

1. Price has broken below the 50 EMA on multiple timeframes, including the 15M
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
4. Price is on/around the .618 Fibonacci level
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