euro retracement and further bearish action

Pair moved nicely to 1.1540 as predicted, a previous level of support.

expecting current 4h candle to close as a hanging man and confirm beginning of pullback to previous support level around 1.1590

this also lines up with a 61.8% fib retracement, 200 ema and still plays nicely with our trend line

good opportunity to grab 40-50 pips up to retracement level and then a nice short to at least 1.1500

Kommentera:

sorry 20-30 pips up to retracement*