EURUSD sell trade based on Ichimoku and fibonacci analysis
90
Indicators * Ichimoku set to default settings 9,26,52,26 * Fibonacci retracement tool
The below short criterias have been met
*Price is below the cloud indicating a downward trend *The lagging span is below price *The conversion line is below the base line * price has retraced to or close to key fibonacci level (the the 50% fibonacci level) * bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward