bear a little longer Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 20, 2014 7:43 AM

failing inverted Head and Shoulders
Stoch RSI bearish crossover
Bearish Daily momentum
daily cycle bottom probably not until early June

Risk/reward on target 1(1.3650) : 1/1.6.... potentially much more on second trading unit. around 1.3590.. (R/R > 1 / 3.1)

Comments

PatStale

⋅ Jun 13, 2014 9:08 AM

Time to close out the last unit.
Well done to all those who followed this trade.

PatStale

⋅ Jun 5, 2014 7:59 AM

Second target nicely achieved... all in all a healthy profitable trade.

PatStale

⋅ May 23, 2014 8:13 AM

so now we can safely bear the bear a while longer.... 1.3590 should be on the horizon.
New home sales this p.m. could precipitate this.