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Marenno
Oct 5, 2015 2:22 PM

$EURUSD Week overview, trading plan Short

Euro Fx/U.S. DollarFXCM

Description

On a weekly graph price is in a triangle and a failure of the bearish continuation is in place,

in case of breaking through 1.1400 resistance area, the price will continue it's movement towards 1.2200 Resistance area.

On a Daily Chart

two bullish days with a test of resistance can be signaling another retest and a drop - where confirmation is needed, but without confirmation it's a buy signal with a short stop below 1.1050 support area, and a 1st target at 1.1500 Resistance area.

video link: youtube.com/watch?v=o215zDUj86Q
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