EURUSD - SHORT
Looking to short EUR.
1) Bearish Pennant forming
2) strong resistance at the 618 fib level
3) Strong divergence on RIS and MACD
4) Slowing buying momentum seen in MACD, volume and other other indictors.
** Although price didn't rise to the top of main down channel I am still confident that this would play out given we have all the odds on our side **
** Waiting now for a bearish engulfing candlestick or evening start candle pattern as my final confirmation of entering **
Stops are above the 618 fib level and targets at parity.
1) Bearish Pennant forming
2) strong resistance at the 618 fib level
3) Strong divergence on RIS and MACD
4) Slowing buying momentum seen in MACD, volume and other other indictors.
** Although price didn't rise to the top of main down channel I am still confident that this would play out given we have all the odds on our side **
** Waiting now for a bearish engulfing candlestick or evening start candle pattern as my final confirmation of entering **
Stops are above the 618 fib level and targets at parity.
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