This is my EU short setup.
We have just seen an impulse down we are currently in the correction phase as we have retraced to the 1.18 level 0.786 Fib and have show signs of rejection. Depending on how the market opens on Monday we could have an opportunity to short EU to the golden extension levels below.
*CLOSURE ABOVE 1.18 INVALIDATES THIS TRADE*
We have just seen an impulse down we are currently in the correction phase as we have retraced to the 1.18 level 0.786 Fib and have show signs of rejection. Depending on how the market opens on Monday we could have an opportunity to short EU to the golden extension levels below.
*CLOSURE ABOVE 1.18 INVALIDATES THIS TRADE*