michael6malone

I am shorting to 1.1197 with a stop at 1.1250.

Short
michael6malone Updated   
FX:EURUSD   Euro / U.S. Dollar
3
2016Sep25 I am shorting to 1.1197 with a stop at 1.1250.

I believe the pair will continue to come down after last week's climb.

My stop is 10 pips above the most recent swing high 0and my target reaches the 38.20% fib retracment level.

The pair has already retraced to the 38.20% fib level. Marked with the blue arrow head.

The RSI is high.
Comment:
Fail.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.