EURUSD Short

EURUSD in stong downtrend about to have its 3rd touch of the trendline. Fib retracement used and the 38.2% retracement shows conflunce with a monthly (strong) support line. At first i didn't want to enter the trade with no finalised trade plan, however I saw this as an opportunity to see if this trade strategy works for me, hence why I entered the trade slightly late (digging into potential potential profit). In addition, the 144% Fib extension shows conflunce with another monthly support line and that is my target over the next few days. I have places a take profit line just before the target extension to mitigate the risk of it not quite getting there and I plan to trail my stop towards each extension the trade may break through