EURUSD - LH/LL & Reversal - Short
I've entered a short position on EUR\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes, including the 15M
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
4. Price is on/around the .618 Fibonacci level
I've entered a short position on EUR\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes, including the 15M
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
4. Price is on/around the .618 Fibonacci level