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paulDtrader
Jan 18, 2018 1:00 PM

EURUSD SHORT CONTINUATION Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD-SHORT AT MARKET - SL-1.22663 TP-1.20851

REASON FOR THE TRADE (TECHNICALLY):

1) HIDDEN BEARISH DIVERGENCE BETWEEN PRICE AND STOCHASTIC SIGNALLING BEARISH TREND CONTINUATION
2) STRONG PREVIOUS SUPPORT AREA TURNED RESISTANCE
3) STOCHASTIC OVERBOUGHT AND POINTING DOWN
4) TOP OF BEARISH CHANNEL

GOOD LUCK.

Trade closed: stop reached

Comments
MoneyEngineer
When you say "HIDDEN BEARISH DIVERGENCE BETWEEN PRICE AND STOCHASTIC SIGNALLING BEARISH TREND CONTINUATION" are you referring to the stochastic having a lower high even thought the indicator is at the same point previously?
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