Manu76
Short

eurusd reversal trade short

FX:EURUSD   Euro / U.S. Dollar
I see bearish divergence and other bearish signs on other private indicators
Trade active
Comment: In the worst case
Comment: You can look at the charts in different ways
Comment: This is another point of view
Comment: Still showing weakness in the indicator
Comment: At this point I'm looking how the market will react. If this happens I will close the trade.
Comment: If my Ultimate Indicator is crossing the 30 it's time to close even if my tp is not hit
Comment: Patterns
Comment: There's also a possible crab pattern but I think this is unlikely to come out. Although it's possible to come almost out and then it will hit easily 1,1460 and maybe lower. But if the price drops below 1,1460, at this time I will waiting and look to buy after the crab came fully out.
Comment: As expected, the crab pattern will not come out.
Trade closed manually: Maybe a bit early, I've decided to close the trade because I see a possible rebound on the H1 - H4 and prefer to close this trade and re-enter later
I'm not sure but looking to many of indicators and charts I think there's a chance to hit even lower around the 1,1460. This is the highest close of 2016-05-02 and looks like the real place for a strong bullish reversal, but it can happen before of course. I think the actual complicated economic situation will continue to set euro under some pressure before we'll see a real push to the upside. There's also no change in the euro strategy in the near future. This is my point of view at this time.
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