Ben_Thorneywork

EURUSD Short - Fibonacci Retracement & Market Structure Break

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
The EURUSD has made a short term market structure shift to the down-side and retraced back up to the 79% Fibonacci Retracement level. I am anticipating the asset the drop to the 1.1825 as a first target level where I will be taking partial profits and reducing my exposure, and if this level is reached, I will be moving my stop loss to break even to scale out the rest of the trade. Further downside targets are 1.181 and 1.1787 as indicated on the chart

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter