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Generalmonkus
Dec 19, 2013 11:32 PM

EURUSD SHORT Short

Euro Fx/U.S. DollarFXCM

Description

... following on from my weekly analysis. Hopefully, again, self-explanatory... note the orange highlighted indicators giving sell signals, neg div on RSI, the lack of bounce at the trendline and looks to be breaking. Also, note the last decline... i suspect this next candle will be a long red one! But that's just an idea.

NOTE: C target is only a possibility... i actually dont think it will get there, and it may form a triangle or something else - just giving a possible big target, but observe and adapt and trail a stop or something.
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