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ChrisThein
Oct 25, 2015 8:13 PM

Short EUR/USD 15 Min Spike & Channel  Short

Euro Fx/U.S. DollarFXCM

Description

We had huge move down Thursday and Friday. I'm looking for a short continuation trade off the spike and channel .382 fib retracement at 1.1052 down to the 1.1000 level and a possible follow on target at the 1.272 ext at 1.0980. I would wait for price to test the 1.1052 level before going short. If price breaks through that level there are a couple of nice levels up at the 1.1108 - 1.1123 handle for a possible entry point for shorting. I would also front run the 1.1000 target by a few pips because of the psychological level. Good luck trading out there.

Comment

second chance to get short
Comments
ChrisThein
If you didn't get short the first time, now looks like a good time to get short. Good luck trading.
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