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still_waters
Dec 10, 2015 8:10 PM

EU Short Short

Euro Fx/U.S. DollarFXCM

Description

Potential Major Trend Reversal.
1. Bull Trend
2. Test of Moving Averages (20 & 60)
3. Lower High formed
4. Decent Selling Pressure (Consecutive Bear Bars, seen visually, compared to previous Bull Bars)
5. Fairly 50/50 if it will break up or down, but I take the trade because my profit target is potentially 2 x's my initial risk, 1x.
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