Open trading account 
EURUSD has finally broken a very strong support level , opening a potentially mega drop from here.
Sell below 1.2223. Stop loss at 1.2371. Take profit at 1.1940.
Reason for the trading strategy (technically):
Price has finally broken a major support level at 1.2223 ( Fibonacci retracement , horizontal swing low support) after breaking our long term ascending support-turned-resistance line. This has triggered a strong bearish exit from here that is likely to push price down towards 1.1940 support ( Fibonacci retracement , horizontal overlap support).
RSI (34) has also made a similar bearish exit signalling that we are likely to see a strong drop from here.
Sell below 1.2223. Stop loss at 1.2371. Take profit at 1.1940.
Reason for the trading strategy (technically):
Price has finally broken a major support level at 1.2223 ( Fibonacci retracement , horizontal swing low support) after breaking our long term ascending support-turned-resistance line. This has triggered a strong bearish exit from here that is likely to push price down towards 1.1940 support ( Fibonacci retracement , horizontal overlap support).
RSI (34) has also made a similar bearish exit signalling that we are likely to see a strong drop from here.
