EURUSD: (SHORT) price have been on a rising channel. But bullish momentum has weakened and price is beginning to make lower highs.
I marked the Fibonacci on the chart from previous swing high down to the swing low. To get my 61-50 level marked and my 50-38 marked too.
Expectedly. Price got rejected from the 61-50 region. Pushed down to new lows and bounced back up to the 50-38 region. Looking for the perfect entries to short since price is already rejecting the region again.
In confluence, in order to certify bearish sentiment, I marked my pivot points levels on the charts, and price is currently below Friday’s PP— MEANING BEARISH
I marked the Fibonacci on the chart from previous swing high down to the swing low. To get my 61-50 level marked and my 50-38 marked too.
Expectedly. Price got rejected from the 61-50 region. Pushed down to new lows and bounced back up to the 50-38 region. Looking for the perfect entries to short since price is already rejecting the region again.
In confluence, in order to certify bearish sentiment, I marked my pivot points levels on the charts, and price is currently below Friday’s PP— MEANING BEARISH
