Bearish Flag on EURUSD (60 Mins) Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 15, 2017 7:10 AM

Hello Traders,

I have observed bearish flag pattern on EURUSD hourly chart. One can look for short entry if price breaks and closes below flag. Trade levels are mentioned on the chart. This potential trade set-up has risk reward of 1:1.7.

Happy Trading!!!

Trade active

⋅ Feb 15, 2017 8:49 AM

Trade closed: stop reached

⋅ Feb 16, 2017 1:57 AM

Missed Target by 3 pips.

Comments

Trader_Dale

⋅ Feb 15, 2017 7:55 AM

Hello mate! I think this is a very nice idea. After yesterdays selloff I think it is probable that it will continue aggresively down.
Good luck!