Euro / DollaroShort
Bearish Channel Bounce
Called this reversal weeks ago, after a really solid retracement that almost came back up to 1.185, momentum failed and formed a descending channel. entering on this small bear rally because it low risk and moderate to high reward...
A lower low was formed previously to the most recent lower high clearly indicating that EURUSD is in a healthy bearish trend.
TP1 @ most recent low
TP2 @1.15 key level that is in confluence with the -61.8% extension fib
A lower low was formed previously to the most recent lower high clearly indicating that EURUSD is in a healthy bearish trend.
TP1 @ most recent low
TP2 @1.15 key level that is in confluence with the -61.8% extension fib
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