FXPhantom
Short

Shorting EUR idea. H&S pattern in play.

FX:EURUSD   Euro Fx/U.S. Dollar
469 4 5
1.3740 level proved to be support for the bulls. If the level finally takes, we'll get H&S pattern confirmed and we might see further decline to the next area of support around 1.67 level which happens to be 50% Fib retracement of the recent move up and potential measured target from the H&S pattern. Coming sell signal on Stoch RSI supports the idea too.
And the trade is fired... Let see if it can reach the target. Move the stop to BE once it goes 25-30 pips in our favor.
Reply
As we are at 1.371, I'm moving stop to BE
Reply
Initial impulse in our favor retraced to 0.382 Fib level. If it reverses here I might consider adding to the winning position.
Reply
Added to the position anticipating another leg to the downside...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out