TradingView
MEX_Exchange
Oct 30, 2017 2:40 AM

EURUSD profit target reached,prepare to sell on major resistance Short

Euro Fx/U.S. DollarFXCM

Description

Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572.
Reason for the trading strategy (technically):
Price has dropped strongly and reached our profit target from previously. We suspect that there will be a strong push up to selling area of 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area) for sell orders to be accumulated before a further push back down to 1.1572 support (Fibonacci extension, horizontal swing low support).
RSI (34) is in an overall bearish dynamic configuration.
Comments
vosat
thx thx from Brazil, we appreciate all e work u r doing. Please keep posting...
fossf
thanks for the analysis once again sir...
hgtshi
Thanks for the analysis, it is helping me alot :)
dsust
please keep posting more analysis... it helps me learn... and i hope to be good like you one day...
sitosa
Thank you for providing educational knowledge to the community here at tradingview, MEX_Exchange!
More