Aleksandar_Rose
Short

EURUSD - Bearish 2618

FX:EURUSD   Euro / U.S. Dollar
+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV             ) at market here on 1H, EURUSD             .
Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity.
If you wait price going higher then you would get even better Risk/Reward.

-Alex
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snapshot


awaiting 1.11100 to confirm my short prognosis published some hours ago ;)
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You measure 61.80 from breakout leg ? It's past that already.
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You a correct, but the risk/reward factor wasn't in my favor, so I had to wait.
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