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EURObull
May 4, 2015 5:22 PM

CCI on 240 Chart Breached To The Downside Short

Euro Fx/Japanese YenFXCM

Description

Notice the large red CCI Trendline below, holding since 3/26/2015.

It has just been breached to the downside (see yellow arrow area). We are layering in short as the market chops around right now in the 134.06 area.

Not sure if we will get serious selling momentum right away.
Short Target 1: 133.60
Short Target 2: 133.20
Short Target 3: 133.00
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