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VasilyTrader
Jan 17, 2019 11:12 AM

bearish continuation on euro dollar? Short

Euro Fx/U.S. DollarFXCM

Description



hey traders,

we see very bearish sentiment on euro dollar pair this week,
watching hourly timeframe we can easily identify a falling bearish channel.
I expect to see a further bearish continuation.
targets:
1) around 1.36 (bit higher)
2) around 1.34 (bit higher)

there are multiple options to enter the market

1) you can sell the retest of the channel resistance
2) you can sell right now
3) you can sell bearish violation of a local horizontal support line

for me, the most appropriate is the 3rd option!

your stop will be around 1.144

good luck!

Comment

bears come into play

Comment

hit the initial target

Comment

going down
Comments
ingeniusjim
This is my view as well.

VasilyTrader
@ingeniusjim, good job, man!
FXCM
Thanks for sharing this idea, I agree on your bearish view on EURUSD and am looking at a breakout trade as well:

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