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Naked_Trader
May 8, 2016 2:18 PM

Idea to Short Short

Euro Fx/U.S. DollarFXCM

Description

Pair is in a year long weekly range and price last week reached weekly range top and rejected. Its interesting for me to sell this pair because it has formed weekly trendy Kangaroo. I placed sell stop few pips below the weekly low. Resistance is at around 1.17
Comments
Naked_Trader
Sell Stop @1.1365 Triggered.
ptp94
Agreed....came up with similar analysis
Naked_Trader
Thank yoy.
PCTradeKop
Pin bar candle at top channel. Good sign.
Naked_Trader
Thank u for your view.
PCTradeKop
Agree...
HermanBrummer
Good chart, I'd suggest putting a profit / stop loss position on the charts, so people can see what he RR (risk to reward) ratio is. E.g, a 12:1 vs 3:1 trade is a completely different thing.

Naked_Trader
Thank you HermanBrummer for your suggestion. I will post it in the future.
trendlegends
Good charts :)
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