EURUSD Short \\ Lower timeframe

Price looking overbought.

Volume indicating possible trend reversal.

TP at Fibonacci retracement levels ( has potential for a full retracement to 0.6180)

SL above hourly candle

Comment:

Extending Take profit level to 0.5 fib retracement level 1.2307. Euro looking really weak and dollar showing strength.

Will take profit early if i notice buying pressure on MM oscillator and volume switches.

s3.amazonaws.com/tra...shots/u/UZZ8IRqg.png

Trade closed: target reached:

Taking profit of 1:5 on this trade. But definitely still got potential to drop further, 1.2286 would be my next TP level

Comment:

Price showing buying pressure and appears set to rise back to level it dropped from.