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ElPatron.Y
Sep 20, 2015 3:51 PM

GRRR goes the roaring of the bears! Short

Euro Fx/Swiss FrancFXCM

Description

This looks like fighting so hard and on larger timeframes making bearish divergence.

See the weekly chart for example


I think we get a nice short opportunity soon if it breaks out the rising wedge. Always good to wait for a retest of the wedge and to short there. This pair I will monitor again for the big move it might give us again.

Comment

Wedge was retested and price is refused to get back in, nice double top made there.

Trade closed: target reached

Falling wedge in uptrend, I'm out!
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