A Downside Momentum Of selling Eurusd On Weekly chart
1. It shows that from June 2015 there are UNBREAKABLE TRENDLINE which this line descending year to year. this trendline makes a wedge formation. and force EurUsd to make a little downside.
2. EurUsd Traded in 38.2 - 0 fib since June 2015 till june 2016 , and TRADED LOWER in 23.6 fib Since june 2016 - till now.
3. Fibo 23.6 Already hold tight and resist many times as you see untill now and already TESTED UNBREAKBLE.
Conclusion
Open Position:
1. When weekly candle making A new Low and form a BEARISH CANDLE.
2. fibo 23.6 hold once again as a stiff resistance and safe place to put a SL
Safe position to open order is better in an lower timeframe for better accuracy
2. EurUsd Traded in 38.2 - 0 fib since June 2015 till june 2016 , and TRADED LOWER in 23.6 fib Since june 2016 - till now.
3. Fibo 23.6 Already hold tight and resist many times as you see untill now and already TESTED UNBREAKBLE.
Conclusion
Open Position:
1. When weekly candle making A new Low and form a BEARISH CANDLE.
2. fibo 23.6 hold once again as a stiff resistance and safe place to put a SL
Safe position to open order is better in an lower timeframe for better accuracy
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