vio
Short

2015.05.17 15:24 EURUSD 5min PUT

FX:EURUSD   Euro / U.S. Dollar
Kind of risky as there were perfect indecision candles at Fibo 1.27 showing bullish power wanted to take over. But still, believe what clues price left you with. Only having indecision candles at Fibo 1.27 is not enough for a reversal. If there was going to be a reversal, a strong bullish candle should appear after indecision candles. However, a strong bearish candle appeared. That meaned the downward movement would keep going.

On the other hand, at previous support level (blue horizontal line), there were candles showing strong bearish power. As the bearish candle at 15:23 broke through confirmation level, 5 minutes should be enough for this new movement.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out