EURUSD BREAK STRUCTURE LOW OF RANGING TREND

6 Jan 2016

we can see that price closed below lower low of ranging trend,this may be indication for bearish trend,waiting to pullback to fib retracement 0.618 if you want to aggresive,if you want to trade in structure, you can wait until 0.764 fib retracement, and stop loss above higher high +10 pips, Target Profit at fib extention 1.618 or structure resistance