EUR/USD Short by littlebopip


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