Pair: EUR/USD
Time frame: 4-hour
Long or short: Short
Trade Rationale: There’s a falling trend line on the 4-hour chart and the price just tested it around the 38.2% Fib. A doji formed right at the 1.3100 handle so I think this level will hold as resistance.
Entry: 1.3100
Stop: 1.3175 (above the 61.8% Fib)
Profit target: 1.3000
Reward-to-risk: A little over 1:1
Chart:
