Possible Short Trades

After good up movement, price stopped on the resistence level 1.1500. I use the levels of round numbers because they also play important role in price movements. We can see the reversal candlestick pattern on the resistence level and Up Bollinger Band at the same time. It could be good reversal signal for opening short trades against the main trend. Stop order should be placed above 1.1500 and targets are Moving Averages with period 20 and 50. We have confirmation from RSI that price probably reverses from 1.1500, but we need confirmation from MACD also. When we get it, we could open sell positions for short terms with close targets, because we'll work against the main uptrend. So, let's wait and try to get some profit based on this idea.

Trade closed: target reached