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May 7, 2016 7:57 AM

Short on Rises Short

Euro Fx/U.S. DollarFXCM

Description

This 4 hours chart could suggest that 50 MA would soon come into play and the Mcginley indicator could offer Resistance and 20 MA TURNING down could suggest upward spike limited

Comment

1 hour chart 100 MA 1.1480 AND 1 HOUR CHART 4 HRS MA 1.360, THESE two could fire up the charts for now

Comment

Have a Short now with stoploss at 1.1430 , good luck

Comment

Trade objective completed, booked profits for now , closed shorts here, and would go for cautious Shorts
Comments
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Check this graph too and start selling on rises tradingview.com/chart/XtQIlPEX/
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Shorts closed at 1.136x levels
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Trade successfully,
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looking for downside first 1.1360,1.1340
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Short here from 1.14x levels stoploss 1.1430 opened yesterday 09/05/2016
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narrow trading range between 1.1375 and 1.1420 now, buy scalps ideal, Now 1.1360 appears to be difficult to crack now and have to wait out this 50 pips narrow range and the break out !!
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This trade little surprisingly , it is reversing from 1.1385 again and again, good luck
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one hour chart suggesting today bottom could be 1.1385 and scalping buy could be a good idea and I see 1.1420 -1.1440 soon
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just seeing here and upside swings as predicted from the chart , daily chart 20 Ma now guiding here ,
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closed my sell now with profit from 1.15x levels and waiting for another trade, good luck
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