ZyCho

Short in the short term

OANDA:EURUSD   Euro / U.S. Dollar
https://uk.tradingview.com/chart/ticRKz5f/#

Hi guys! it's my first post in trading view. I decided to post my trades so I can get feedback to improve my trading strategy. I appreciate any feedback!

On a bigger picture, price is on an uptrend, currently in consolidation stage. It even retest Fibonacci 618 level. So in the long term price might move up further. Or at least retest 1.14860.

However, in the short term, looking at the current swing, price is creating a bearish rectangle and it broke the rectangle . So, my opinion is that the price will retest Fibonacci 618 (1.14115)

Short term
TP: 1.14115
SL 1.14506 just above the previous candle (approximately 1ATR)

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