here is my take on EURUSD short, this a short term trade, on the back of a recent significant momentum upward trend . RSI indicator is showing a overbought couples with a shooting star candle stick condition may prompt a fall in price to longterm resistance level in the longterm at 1.2550.
Potential to catch short term targets at 1.13102
1. Previously created a Double Top,
2. Rejecting nicely from the Fibonacci 50% resistance -> was also previous HL.
4. 4H chart creating a shooting star
We have 4 confluences.
Please if you have experience in trading and have a different opinion leave comments and say why as I'm looking to improve my trading analysis. <3