$EURUSD bearish continuation

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 9, 2015 2:40 AM

Bearish continuation is highly possible due to a clear signs of a bearish accumulation.
The price has to break through the 1.1227 area with confirmation to confirm the continuation of a down movement, however I will look for shorting opportunities just before the start of European session.

Please refer to a chart for a clear picture and detail regarding stops.

Comment

⋅ Oct 9, 2015 3:22 AM

Video Link to this Idea: youtube.com/watch?v=Dr7zO92BCnc&feature=youtu.be

Trade closed: stop reached

⋅ Oct 9, 2015 11:28 AM

Stop loss has been hit, and no we have to wait for a confirmation of a breakout and go long, or if it is a false breakout, which is less likely.