EURUSD: Potential Short Setup After FOMC Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 22, 2016 8:50 AM

A bearish Shark formation.

Would monitor this potential setup closely as the trade idea is against the current sentiment.

EURUSD Shark

Comments

jeremy.wimala

⋅ Sep 22, 2016 9:57 AM

Hi, just like to ask, why the shark was more suitable here than the cypher. Thanks.

KarYong

⋅ Sep 22, 2016 10:05 AM

the difference between a shark and cypher is the C point extension. personally, if the C point extends at least 113 of the XA, i trade it as a shark; if the C point extends between 127 and 141, i trade it as a cypher :)

jeremy.wimala

⋅ Sep 22, 2016 10:13 AM

Ah okay, thanks!

MindTrader

⋅ Sep 23, 2016 9:42 AM