rkarara

TREND CONTINUATION TRADE FOR UPCOMING WEEK - EURUSD - SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
SEE PICS BELOW FOR FULL VIEW!

DAILY CHART
- price still in a strong downtrend
- price not broken above structure level 1.14860
- nice strong bearish candle closed this previous week
4 HOUR CHART
- price in a strong downtrend
- price been respecting downtrend trendline
- possible pullback and entry of this timeframe
- green area supporting 61.8 and 50.0 fib levels

1 HOUR CHART
- 3 timeframe confluence with the other 2 timeframes being in a downtrend
- price could pullback to level 1.13392
- 1.13392 level has been tested as S/R in the past

TARGET
- TP 1.12200

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