EURUSD – Potential Short

Looking to see how price reacts as it approaches the supply zone highlighted in blue. Looking for possible shorting opportunities if price stalls or get some reversal candles.  Stop would be above the zone or more conservatively above the 78.6% Fib Retracement of AB.
Click here to view chart.
It’s worthwhile noting though that the latest news for the Euro is positive based on the EU agreement.
This entry was posted in EURUSD, Fibonacci, Forex, Misc. Setups, Support (Demand) - Resistance (Supply). Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s