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orvilleawright
Nov 16, 2015 11:38 AM

BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest 

EURO / U.S. DOLLARICE

Description

Nov 15 2015: BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest

(Analysis Based on 1 hour chart)

Observations
1. Long term bearish channel
2. Short term bullish channel
3. Short term bearish channel
4. Consolidation
5. Descending triangle

NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell breakout after retest at consolidation lows.

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