timmynorin

EURUSD Hourly - Simple, could it hold?

Short
timmynorin Updated   
FX:EURUSD   Euro / U.S. Dollar
Double top followed by 0.618 retracement after the break of the "v" point of the tops.

This also coincide with the highest high (opening) of candle seen 2017-04-23

Makes nice structure, the V point together with the opening high, and the 0.618 fibonacci.

Lets see where this bus takes us. Two targets set up.
Comment:
Just before our target one, at a few moments after EU press conference we saw a big bullish move, almost completing a bearish gartley

Still in with a small position entered at 0.9285

Comment:
Double bottom at previous support with bullish divergence. Securing 48 pips with stop loss.

Comment:
Stop loss seen on above image got hit, roughly 50 pips.

First position got stopped out with -20 pips, meaning 30 pips in total.

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