OANDA:EURUSD   Euro / Dolar USA
With the opening of the market I am looking for sell on EURUSD . Using fibonnaci retracement i noticed that price is heading towards 0.618 level which showed in the past that it is strong support/resistance level.I am looking for some candle formation such as inverted hammer or bearish enfulging and confirmation to enter short postions. I will be looking to open 3 positions at the begginig around the price levels showed on the right (depends how price will behave). Three take profits on three different levels with last one set at 0 level. I will try to open new positions as the price drops and creates new low highs. I will be also trailing my stop loss so i secure my profit. Comment what you think about this idea :)