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glennmercer
Jul 28, 2016 2:23 AM

EURUSD Short: Pullback at Resistance Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD has potentially exhausted its first bullish impulse on the 15m chart. SL is placed above 4 moving averages with target at a conservative .382 pullback.

Bearish Confluence:
  • Rising wedge
  • Possible leading diagonal
  • 25 day EMA resistance
  • 25 Day SMA resistance
  • 21 Day EMA resistance
  • 21 Day SMA resistance
  • Bearish divergence


Happy Trading! -GM

Trade active

Trade closed: stop reached

Savage impulse! Waiting for next signal. Neutral on the pair now.
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