Philson-Investments
Short

Short signal on H4 - correction

FX:EURUSD   Euro / U.S. Dollar
195 0 1
As we pointed in previous projection, price reached a range of 1,23x -1,28x on Friday and after it pretty much stepped back. Since Friday afternoon, our system generates a signal on sale on 4H TF. In our view, we will start moving upward's correction. We assume a descent price level 1,103x - like most technical traders. However, a situation on our strategy allows us to establish stronger descent, even to the level of 1,090x - 1,092x. Of course breakout of 1.13 will result in another up trend. If the balance of power will change we will place information on our profile. At this moment our team assumes advantage of short positions with the objectives as in the chart.
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