michael6malone
Short

I am shorting to 1.1185 with a stop at 1.1238.

FX:EURUSD   Euro/U.S. Dollar
71 0 4
2016Sep23 I am shorting to 1.1185 with a stop at 1.1238.

My stop is 10 pips above the most recent swing high and my target falls on the 61.80% fib retracement level that is located just above the support range that started forming on 2016Sep19, 14:00 est.

I do not believe there is any reason for the pair to move higher.

Further retracement after the most recent climb is likely.

The RSI is somewhat high.
Comment: Fail. My stop was short by 1 pip.
Comment: Well perhaps more than one pip.
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