SCENARIO #1:
The price finds itself at a very interesting level around 1.3854, which is a 61.8 Fibonacci retracement ot the downswing.
The first short opportunity might be emerging just now, so I would be interested in any retracement up showing some
kind of weakness to enter short. Target for this setup might be at 1.3750 and 1.3670, in my opinion.
SCENARIO #2:
A high potential short setup might emerge also near the major resistance 1.3965 (or below 1.4000).
So, look for any kind of weakness like a false break or a strong refusion of that high. First target for this potential short setup
might be 1.3854, but the price might fall a way down further.
Petr
YouTube Channel: bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: bit.ly/1qaZNHk
The price finds itself at a very interesting level around 1.3854, which is a 61.8 Fibonacci retracement ot the downswing.
The first short opportunity might be emerging just now, so I would be interested in any retracement up showing some
kind of weakness to enter short. Target for this setup might be at 1.3750 and 1.3670, in my opinion.
SCENARIO #2:
A high potential short setup might emerge also near the major resistance 1.3965 (or below 1.4000).
So, look for any kind of weakness like a false break or a strong refusion of that high. First target for this potential short setup
might be 1.3854, but the price might fall a way down further.
Petr
YouTube Channel: bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: bit.ly/1qaZNHk