Bear Flag ... FALLOUT

FX:EURUSD   Euro / U.S. Dollar
196 11 0
Mario D. has mentioned that even more negative rates are in the cards for the future ...

Chart is looking like Bear Flag has been violated already ....

FED decision today will tell the story ?

SL above 1,1140

Good Luck !
So far ... so good

Move SL from 1,1140 into 1,11 and enjoy practically risk free swing trade to the projected target
martinex martinex
So far this trade/idea is going smoothly ... let's lock profits on this idea moving SL at 1,1030 and enjoy risk free ;) trade
martinex martinex
Moving SL lower again this morning ... into 1,0970 and enjoy this swing trade
martinex martinex
Nice move ! after US data ... SL moved lover again : 1,09 and relax for weekend already ;))
martinex martinex
As we already see price broke out Fridays low we can easily lower SL into 1,08 level booking massive profit ( in case SP ( Stop Profit ;) would be hit now ) and count that price will move further into projected Target.
martinex martinex
Unfortunately SP was hit today at 1,08 this could be just SL triggering up move to kick out many from the positions. I still see the down move to reach Target projected but let's wait until DAY close and more to see what is going on.

Will post update when trade resumes.
martinex martinex
SL above 1,08 was too low at the time it was lowered ... hitted with almost 300pip profit but it was only SL hunting spike up - as it was mentioned above.

Today reShort enter at 1,0740 is in and SL above 1,0810 again set - Target remains
martinex martinex
Down move from Bear Flag has been done ... let's remove all the risk from this trade and move SL lower at 1,0755
martinex martinex
The SL was hit again ... and downmove continued , after Fidays Engulfing candle at DAILY chart we can see further selling : 1,0642 is the sell entry , Target remains the same - still
martinex martinex
Now we can set SL at todays high ... and look for more down move to reach Target
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