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JamesBrown
Jun 2, 2016 6:36 PM

Couple of Potential Short Opportunities on EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

The first chance is a simple test of previous support, turned resistance, target recent major support.

The second chance shown here may take a while to develop. It's an harmonic pattern called "Deep Crab", a counter-trend pattern that gives a "potential reversal zone" (PRZ), within which we look to take the counter-trade when price action favors the direction of that trade, while trading inside of the PRZ.

Stops set above major supports. Targets shown on the chart (three in total).
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