bestpriceaction
Short

EURUSD Daily Chart (12 Jan, 2016)

FX:EURUSD   Euro Fx/U.S. Dollar
207 1 4
From the daily chart , we noticed that a Bearish Hanging Man formed at the channel resistance of a descending equidistant channel two days ago. The formation is completed and confirmed when a Bearish Tailed Bar formed just after the Bearish Hanging Man . We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest horizontal support which is around 1.07.
Nice explanation of your analysis. Your equidistant channel is flag formation. Flag is continual formation for ot the previous momentum. In this case for long entry. I would prefer to buy this pair, then short it. But that is my point of view
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out