Fxprotrader
Short

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
John
Trade closed: target reached

waw
Reply
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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Let's see what happens next..
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