Weekly EURUSD Short Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 19, 2015 10:21 AM

If the pair tests back the Fib Retracement 0.5 where we can find the previous structure and swing lows, we can short the pair with 1.96 RR ratio.
The only criteria is that the RSI must be in overbought position, so somewhere higher than 70%.