Jmaxfx

EURUSD Short

Short
FX:EURUSD   Euro / US-Dollar
Based off of the recent push towards the downside, we saw a break through the monthly high towards the downside. Now looking for potential areas to short. We see a 61.8 retracement in confluence with recent support and a good area for liquidity. Awaiting price action to confirm this analysis, we can also look for a potential trend line continuation supporting this analysis. The 50 EMA also acting as a magnet for price, we can see this potentially help confirm this analysis. Personally, I like using the 15min chart for entries. Helps identify price action easier, my exit points if it retraces to the 61.8 or 50 will be the -27 & -61.8 as TP 1 & 2. However I will be watching to see how she reacts to the 0 level, in case we see a double bottom reversal.
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