ironcondor
Short

EURUSD 15M Short | Piercing Pattern

FOREXCOM:EURUSD   Euro / U.S. Dollar
Candle Pattern: Piercing Pattern
Trend: Up
Trend Entry: Against

TP/SL Ratio Target: 1 to 1
Target TP PIPs: 15
SL PIPS: 15

Fib Entry: .236
Fib TP: .50
Stochastic: overbought
Inside EMA/SMA zone: no
BB: top
Pivot Point: Pivot

Notes:

Piercing pattern showing up just shy of the R1 pivot point
stochastic showing overbought with crossover and dip below 80 point
trend might continue up, looking for small 15 pip pullback to the .50 fib level



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