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ArekJP
Apr 8, 2015 7:50 AM

EURUSD short sell idea - trend continuation  Short

Euro Fx/U.S. DollarFXCM

Description

timefraame: 1H
200 EMA acting for now as resistance together with 50% fib level (recent low-to high). Targeting retracement 78.6 which confluences with fib extension 127.2%. Stop loss above recent high - if we get higher high -higher close - trade idea more likely invalid! If you want more confirmation, wait for RSI to get overbought.
RR 2.4

Good luck and good trading!
Arek JP
Comments
ArekJP
Target hit, may leave runner to .1.618%
ArekJP
Patience paying off - nice move down, lets see if we can get to 1.272% today...
Adil-khan
it looks you are right
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