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jannatul96
Aug 22, 2018 1:15 PM

EURUSD 1D - Channel bounce  Short

Euro Fx/U.S. DollarFXCM

Description

New play for EU, the pennant is now part of a larger descending channel. There are 3 touches at the top and 2 at the bottom. RSI hasn't broken above 60 on the daily so I'm still bearish.

Hoping to catch a good entry is just below major resistance and channel resistance for a small position. Will add more into a full position after further confirmation of a reversal.
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