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orvilleawright

BEARISH EURUSD 1H: Sell bull traps; Sell cypher pattern

Long
Euro / U.S. Dollar (FX_IDC:EURUSD)  
orvilleawright  
FX_IDC:EURUSD   Euro / U.S. Dollar
hourly EURUSD orville wright Descending Channel consolidation Bearish Cypher support Support and Resistance price-action Harmonic Patterns structure-trade
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hourly eurusd orville wright descendingchannel consolidation bearishcypher support supportandresistance price-action harmonicpatterns structure-trade
Nov 17 2015: BEARISH EURUSD 1H: Sell bull traps; Sell cypher pattern

(Analysis Based on 1 hour chart)

Observations
1. Long term bearish channel
2. Short term bearish channel
3. Consolidation
4. Bearish cypher pattern

NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell breakout after retest at consolidation lows.

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