Looking to short EU from 1.13000
Confluences:
- Bearish market structure as LLs and LHs are being printed.
- Broke below 1.13000 support region without retest.
- Retest level (1.13000) which is currently the support-turned-resistance level falls inline with the 78.6% fib reversal levels.
Trade = invalid if descending trendline is broken and price closes above the 1.13000 key level
Confluences:
- Bearish market structure as LLs and LHs are being printed.
- Broke below 1.13000 support region without retest.
- Retest level (1.13000) which is currently the support-turned-resistance level falls inline with the 78.6% fib reversal levels.
Trade = invalid if descending trendline is broken and price closes above the 1.13000 key level