EURUSD, 4hr tf, wave-iii to the downside

As you can see price already broken below the ascending trendline for EURUSD. Right now price retracing at 61.8 fibonacci level.

This could be a good entry point for sell positions. As wave-2 tends to end around 61.8-78.6

We will sell EURUSD here to ride the movement of wave-iii.

Sell EURUSD 1.2085
Stop loss 1.2160 (75 pips)
Take profit 1.1825 (260 pips)

RR ratio 1 : 3.4
Use only 1-2% risk
Good luck