EURUSD - MULTIPLE SHORTING REASONS Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 10, 2017 8:01 PM

Reasons for short
1) Daily Evening star formation at a key point
2) Weekly RSI Heavily Overbought
3) 3 Accumulation and Distribution phases complete

Trade safe and do your own due diligence before entering a trade

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Comment

⋅ Aug 10, 2017 8:43 PM

The Evening Star formation mentioned in my Reasons for short occurred at point 5 of the wave pattern, which suggest bearish momentum

Trade closed: target reached

⋅ Aug 17, 2017 12:27 PM

First target hit!

Comments

sk_therealmakuleni

⋅ Aug 17, 2017 2:34 PM

Lovely work , thank you

Aqua_Trader

⋅ Aug 17, 2017 3:29 PM

@Sakhe, my pleasure