EURUSD showing signs of going down

Hey Guys,

Looking at this trade, at the 4H TF, it seems like the EURUSD has some rejection at the 1.2445 level followed by a downward trend and thus im entering this trade to short the EURUSD to below the 0.618 level.

I would expect some retracement period between the 0.382 and 0.5 level before going down.

So if you are happy with you profit, you can close some at that level.

T/P at 1.2270
S/L at 1.2465

Comments and feedback are appreciated.
Don't forget, Stop loss at 2% of your capital

Cheers!

Komentarz:

A good time for some profit before entering the retracement period.
Do note that this dip was also motivated by the ECB news
When looking into this trade, i didn't put the news into consideration.

Transakcja zamknięta: osiągnięto wyznaczony cel:

We got ouselves a profit,
lets close this trade
Cheers!