Today on
EURUSD
we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance.
I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long.
1. IF price breaks the channel and the resist than we should be looking our targets to be @1.1317.
2. IF price could not break the structure and makes double top, the price we fall down to the previous support @1.1180, which means that market has to decide there to go next.
EURUSD
we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance. I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long.
1. IF price breaks the channel and the resist than we should be looking our targets to be @1.1317.
2. IF price could not break the structure and makes double top, the price we fall down to the previous support @1.1180, which means that market has to decide there to go next.
