Tradeciety

Fading momentum for now

FX:EURUSD   Euro / U.S. Dollar
158 1 8
The EUR/USD             had a good run up and it hit all targets we laid out, although it has to make it to 1.15.

However, price action shows some fading momentum. The 2.5 Bollinger Spike that came with a divergence lead to a short pullback. Price is now making a new run for the highs. We are looking for a longer reversal trade lower, but it's still lacking a few important criteria. We are waiting for a strong bullish wave and a failed breakout attempt.

The EURUSD             is a pass for now because it doesn't look too bearish , but we keep it on the watchlist.
I am trading Forex for 10 years and 5 years ago I quit my corporate job to travel the world


> Introduction to my trading method:
http://www.tradeciety.com/a-powerful-and-simple-system/

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top is near it seems
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