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DLavrov
Aug 11, 2016 10:24 AM

EURUSD Trading Idea Short

Euro Fx/U.S. DollarFXCM

Description

Price is near the trend line and MA50 which are the barrier for up movement. Probably we'll see price reversal and drop to 1.1000 support line. For confirmation we have to wait when MACD and RSI reverse and start falling. Trades can be opened on daily and hourly charts. Other variant will be, if price breaks trend line and MA100. DMI will have to confirm up movement by rising ADX line. Target will be the resistance line marked on the chart.
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