SHORT EURUSD 1.0966 - Fib retracement + extension

Dear all,

In our previous post we shared the short idea from 1.0934 to 1.0818.. this short is still valid. However the buyers are chasing the stops now on second line of defence. This line of defence is around the 1.0966 as per previous TV Idea.
Now we move on to continue and spread the short on Euro to 1.0818 from 1.0934 and 1.0966.

Since we are able to plot our retracements now we can clearly see the 3e line of defence around 1.0999 and we use this level to callibirate our SL around the 1.1032 level. Which acts as stop buy zone above the major fib pivots.

The monthly pivot is breached this morning but price also retraced aigain to the area of the fib extension.

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액티브 트레이드:

We breached our 2e line of defence and headed str8 forward to our 3e line of defence. Now we set stop loss around 1.1032 to pre reserve capital and wait for better short entry later on.