Toru

EURUSD 3 Reason to Short

FX:EURUSD   Euro / U.S. Dollar
1.
Daily chart: The chart is in continuous down trend. Just completed flag-similar pattern and now the consolidation is done. At this point, the price is pulling back to the previous low that was broken. (Highlighted area)

2.
4H chart: 55 EMA coming down at 240m chart and hitting the yearly pivot .

3.
1H chart: Gartley similar geometric             is now complete.

Publishing this idea at 11/13/2015, 9:50am Tokyo time. It is FRIDAY! Institutional dealers need to close their long position that was made this week TODAY. So, this maybe a good opportunity to go short IF the price hangs around weekly pivot area when London session opens.

Enjoy Trading!!
ok, up up!
+1 Reply
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