Fxprotrader
Short

EURUSD@ Short Trade Ahead After Bearish AB=CD Pattern Completion

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
Price in EURUSD             being is in a corrective structure, has formed a bearish AB=CD pattern . We now see that it's going down and has broken a short term support level (blue trendline).

Stoploss should be placed above D point of the pattern at 1.14990
Profit target should aim for 1.10795

The above managenment gives us a nice 2:1 r/r ratio.

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John
a year ago
Trade closed: target reached
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I wouldn't long the dollar in any shape or form, and wouldn't do it here in particular.
Good luck though. If I'm proven wrong I'll short, for now, adding to longs before the NY close, as long as above 1.11956.
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Fxprotrader TOP IvanLabrie
a year ago
Let's see what happens next..
Reply
Hiisham
a year ago
waw
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