Teflon256

Euro Dips

Short
Teflon256 Updated   
OANDA:EURUSD   Euro / U.S. Dollar
This past week EURUSD rose by $0.01 cent or 1562 pips

I see a potential DOUBLE TOP on the daily chart because price rejected at 1.10192 AND closed at 1.09794. A Triangle has been formed Therefore we have a downtrend signal.
On the 4 hour chart there is an inverted hammer followed by a bearish candle. When a bearish price closes under 1.09794 then it is a sell signal.
uptrend channel in the hourly chart, Price has touched the resistant channel and has started to fall.
Trade active:
Price has closed under 1.09794 level and continued going down.
Trade active:
Yesturday bearish engulfing pattern formed on a daily. We strong on bearish
Trade closed: target reached:
Price Hit that 1.08232

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