All indicators look promising and we are right at the .618 level. If we break below this level and if the candle closes below the middle band enter short. My ideal trade would be 2 microlots (0.02). Close out half of your position at the .50 fib level and monitor price to see if it dips below .50. If so then take profit on other half just before the .382
I am considering reentering a short term short position here. I took target 1 profits earlier in the session but I am noticing that the euro is struggling to break away from the .236 Fibonacci level and if it breaks and closes below this level it will continue to fall to the .382 level. Research shows that the markets respect the fibonacci levels so I tread with...
