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timmynorin
Apr 27, 2017 5:46 AM

EURUSD Hourly - Simple, could it hold? Short

Euro Fx/U.S. DollarFXCM

Description

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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