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bitofamacroman

EURUSD - SHORT

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
bitofamacroman Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD eurusdshort
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trendanalysis chartpattern indicator eurusd eurusdshort
EURUSD - SHORT
SELL: Between 1.1440 - 1.1495
SL 1.1535 - MAX 95 pips
TP 1.1210 MIN 230 pips
RR: 2.5 : 1
Comment:
Just entered this position @ 1.1450
Trade active
Comment:
We have another pending order to add if we reach 1.1499
Comment:
Hourly RSI divergence just happens to occur here as well
snapshot
Trade active
Comment:
Will the dominant bear continue or do we actually have a reversal?
snapshot
Comment:
The position above was stopped out at the Stop Loss level of 1.1535 and I re-entered the position at the moving average 1.1599. I am a believer this is not a longer term reversal. Current SL is 1.1699. Risk 100 pips, Add if reaching 1.1675-80.
Trade active:
trade remains active
Trade active:
Moving SL to BE 1.1599
Trade closed: stop reached:
BE stop reached, re-entered position at 1.1625
Trade active
Comment:
Took the heat, probably unnecessarily, staying in the trade, A close above 1.1670 now will be cause for concern and careful consideration will be made to exit yet again. Meanwhile, looking for dollar strength and EUR to retest the lows and possibly look to the 1.1180 level.
Comment:
Fall from Prior highs.

snapshot
Comment:
We must be mindful, this could in fact be a pattern indicating a longer term bottom, but the trend is still down, until it no longer is.

snapshot
Comment:
Well, todays news should about do it for the wave counters of the new bullish Euro scenario as it appears in many wave counts we would have a wave 4 into wave 1. Anyway, look out below.
Trade closed: stop reached
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