EURUSD, GO SHORT on 1H time frame?

Hello Everyone,

EURUSD

Based on our system, we have some information for your consideration as below:

1. Trend: BEARISH

Reverse at Fib 50%
Lower High
Closed below EMA
RSI<50

2. Signal Bar: As shown on chart --->GO SHORT

SELL STOP ORDER

➡️ Entry = 1.21830
❌ Stop loss = 1.22060

✅ Profit Target 1 = 1.21520
✅ Profit Target 2 = 1.21270
✅ Profit Target 3 = 1.20950
✳️ Or you wait for the reverse bar at these target levels to move Stop Loss.

Let see what happen next.

NOTE:

THIS IS NOT A RECOMMENDATION TO TRADE BUT PURELY AN OBSERVATION ON PERSONAL RESEARCH.
YOU MUST MAKE AND MANAGE YOUR OWN TRADING DECISIONS