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May 16, 2017 12:44 PM

EURUSD Short Trade Idea- H1 RSI overextended Short

Euro Fx/U.S. DollarFXCM

Description

If this price action moves to the downside inside this channel and breaks this area of support then you should sell the EURUSD.

Pending sell order placed @ 1.10301

The RSI is overextended and we saw divergence occur with the Price Action and the RSI indicator. If this level we identified is broken this upward bullish move may lose its steam and we could see a strong bearish trend take over.

Any questions, feel free to ask!

Comment

Price action continues to the upside.



New Pending Order Placed
Comments
caseystubbs
It looks like it might take a while to setup but thats what I love about these trades is they usually pay off for those who wait.
Futures1
What does the EFC software show? Looks like a possible good set up.
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