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AABTC
May 20, 2015 9:24 AM

EURUSD Short term bounce in bearish market  

Euro Fx/U.S. DollarFXCM

Description

Price has dropped to intersection of level of highs for previous double top and bottom of the trend channel support for the last month. Overall still a bear market but chance for a small bounce here. So here are two consecutive plays, a very small risky long (might want to skip this and just play the latter depending on your risk tolerance, ie. dont long bear markets/ play reversals etc.) followed by a larger short to test the march-april double bottom.
Comments
SunnyBOT0
yep spot on
aceofswords
Awesome bro, spot on ! ;0)
cloudichimoku
precision accuracy very nice
Eugene_Titov
Why do you concider right this point to enter the trade?
AABTC
The first sentence of the description answers that question. :)
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