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usera9
Jun 16, 2014 10:11 PM

Another bear candle pattern Short

U.S. Dollar/Swiss FrancFXCM

Description

The bull are loosing energy:

PRO
+ bear candle patter at resistance
+ none of the last 9 sessions has been able to close above res defined by dark cloud cover
+ price has closed lightly below ema
+ stoch bear divergence

CONS
- possible descending TL now could act as supp
- SMA 200 is at the same level of TL
- R:R not so attractive in the near term
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