Looking at EURUSD to start this trading week off. We've finally broken and closed under our previous low from the first week of March (Daily chart). Price has retested our green zone twice now, which is my overall neckline. This is a good indication that we still have more bearish momentum. Now, i'm just looking for our Fib extension to play out. I'm waiting for our smaller green box to be retested once more before i enter this trade. I have 3 Take Profit levels that i'm looking for to be reached. The 141.4% is the extension i'm looking for since our 61.8% retracement was hit. Nice setup for about 170 pips!. Will keep all updated as the week goes on and this plays out.
Trade ativo