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lucamodena

Short EUR/USD

Short
Euro / U.S. Dollar (FX:EURUSD)  
lucamodena Updated   
FX:EURUSD   Euro / U.S. Dollar
Harmonic Patterns Technical Indicators Trend Analysis
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harmonicpatterns indicator trendanalysis
Quick post. Description will be added in the comments below.
Comment:
So here we have a nice Bearish Harmonic pattern + a bearish crossover of 50 moving averages + an overbought RSI indicator + at the higher time-frame 1D we are approaching 200 moving averages resistance. Soon we should head south into 1.08 direction.

GL & HF ;)
Comment:
Risk/Reward ratio: almost 4 !!! this will be a great trade!
Trade closed: stop reached:
We hit the 0.5 retracement of the Harmonic Pattern - here we could book some profits and move the stop loss to break-even.
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