Fawaz.A
Short

Hanging Man at resistance

FX:EURUSD   Euro Fx/U.S. Dollar
82 3 2
It seems the euro             rally is over..
A hanging man candle has formed today
It's time for the downtrend to continue
OR
It's time for a retracement if the last move was the beginning of an uptrend
You might be right about the correction. I am also watching this pair closely for a reversal candle. However. That is not a hanging man. Quite the opposite. I'd wait to sell until I see a resistive candle. Good luck trading !
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Gweedy Gweedy
I was wrong. that is a hanging man. ;)
Reply
Fawaz.A Gweedy
Hello Gweedy!
Thank you for your comment .. whether or not it's a hanging man, be careful in shorting euro pairs ..
Usually the market goes on the opposite direction on Mondays, and today it's going lower. This move might be the wick of the weekly candle.
For me it's better to short when the market breaks this trend line
snapshot
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