EUR/USD Hammer signal for a sell off

FX:EURUSD   Euro / U.S. Dollar
514 14 2
Weekly Time Frame with a triangle formation a hanging man ( a reversal signal) has formed at the end of the week 08/16/2013 Friday
Looks Like a sell for next week to the 50 EMA 1.3060 area.
Will the price go all the way to the bottom of the triangle to 1.2900 area ? Just have to watch the price action to see.

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A EUR/USD weekly forecast upto 2014 i am following this chart see more details on his page for this chart
A variable look at price movement
Around 1.3060 is the 50 EMA area .. I think price action will go there..
Chartreader exploration
Right shoulder reached to head! I see very few forecast working in this month! I am really in loss this month! It fell when I enter into the market even with the trend, it just moves in the opportunity also ignoring expert forecasts and expectations! Horrible time!
exploration Chartreader
You got to burn like a fire to learn....a hanging man candle is a sign that buyers will buy not knowing that a sell sign has appeared buyers will try to keep buying that is why there is a hang man candle on last weeks chart on the 1 week TF...now price is in the overbought area. Price should go down...will just have to keep watch until its the right time to place a order.
exploration exploration
Some like banging there heads in overbought areas ...i don't like messing with overbought areas unless i am trying to get my cow out of the mud etc. then its like a fire to trade in overbought areas and i am going to make money and go to higher ground...i don't like mud holes either Ha Ha.
Chartreader exploration
The time is very near I think as of Aug 28...for the sell order execution.
Agree with the sell forecast but my view is because of the resistance zone where the price is now...I do not understand how to draw Hanging mans!
exploration Chartreader
To Charttrader and others A hanging man is a candle signal for a reversal to sell ..here is a video on a hanging man and why these appear for a sell signal http://www.informedtrades.com/4696-hammer-hanging-man-candelstick-patterns-how-trade.html
exploration Chartreader
The last candle is a hanging man on the weekly chart above..
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