EURUSD: Short idea on the daily Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 21, 2017 11:24 AM

Hi traders,

On the daily timeframe we have a nice reversal zone at the 1.08300 area, based on the 38.2% Fibonacci retracement, 127.2% Fibonacci extension and previous structure.
Entry: 1.08336
Stop: 1.10056
Target: 1.03863 = R:RR 2.60

Good luck guys! Updates will follow.

Trade active

⋅ Feb 8, 2017 12:55 PM

About 200 pips so far.

Comments

Nhatrang

⋅ Jan 21, 2017 11:32 AM

How long does it take to go down to1.38

11021992

⋅ Jan 21, 2017 11:33 AM

@Nhatrang, Based on this analysis, I'd say 1 or 2 months after reaching the entry point.

souravkumarhazra

⋅ Jan 22, 2017 7:47 AM

@11021992, we can sell now this position

11021992

⋅ Jan 22, 2017 12:37 PM

@souravkumarhazra, I have a short idea just above the current market price: