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shomonrobie
May 27, 2016 7:04 AM

EURUSD SHORT @ BEARISH SHOOTING STAR, COUNTER TRENDLINE BREAK Short

Euro Fx/U.S. DollarFXCM

Description

FX:EURUSD Short trade after bearish shooting star and counter trend line break
  • Price retraced from .236 fib level of down AB Swing

  • Bearish Shooting star @ .236 level

  • Bearish Shooting star @ .382 level

  • Ascending Channel Breakout

  • Resistance Below .382 Level

  • USD Strength after G7 Summit


TRADE
Price @ 1.11843
Stop Loss @ 1.12232 - 10 pip above high of the Shooting Star @ .236 Fib Level
Take Profit @ 1.11768 (1.27 fib extension of AB Swing)

Risk/Rewards: 2.12

Trade closed: target reached

63 Pips Profit Taken!!
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