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AmplaInvestments
Jan 27, 2015 12:21 PM

EURUSD - 600 PIP POTENTIAL?  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD nicely moving up to test he heavy resistance zone consisting of the 0.236 Fib level,
the top of the channel range, ichimoku cloud and a former resistance now support level.
I will be watching for (prior to taking a short position) a bearish candlestick formation such as a
shooting star, and a crossover by the 20 and 9 day moving average to confirm continuation
of the down trend.
What are your thoughts traders?
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