By: Fadi Steitie
Currency: EUR/USD
Trend Expected Direction: Down within a falling channel.
Method: Elliott Waves and Fibonacci Trading.
Description: Just a quick brief of Mass Psychology, as trend approaching upward correction toward 100% of last correction, A Doji just formed and indicate a weakness in trend followed by inverted hammer which also sealed the maxima that was near 200% of wave one and change in market sentiment from Long to Short! Therefore what is expected is a further pullback and the drop is nearby. i am going to short the pair now waiting for breakout!
Recommendation: Short and Hold when price hits or comes closer to 1.33700
Target Area: Open
Stop Loss: 1.3400
