EURUSD reached key resistance level with bearish BAT Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 16, 2014 4:15 PM

EURUSD reached key resistance level and expecting price to fall. I shorted with stop above last high at 1.2610 ( 1.2600 level also provides addiditonal resistance) Take profit level at 61.8% of Bat at 1.2375. I will move to break even when price reached 38.2% at 1.2445

Comments

A-shot

⋅ Dec 24, 2014 10:24 PM

Top notch!

MertErten

⋅ Dec 22, 2014 11:43 PM

great analysis!
well done.

Highcrunch

⋅ Dec 23, 2014 8:25 AM

Thanks, this one works out well and hit targets faster than I anticipated.

Highcrunch

⋅ Dec 17, 2014 3:29 PM

Shorted at 1.2501 and price is really falling. Took half unit off at 38.2% and move stop to break even. Free ride to 61.8% XA at 1.2373

Remus

⋅ Dec 16, 2014 4:19 PM

I agree, I believe the EURUSD is still falling. I was stuck on the 1.2500 being the key resistance but as you stated the 1.2600 level proves to be stronger.