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

FX:EURUSD   Euro / U.S. Dollar
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.

Like and comment
Trade closed: target reached
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.
Fxprotrader IvanLabrie
Let's see what happens next..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out