Short term trend is down. The price is retesting the broken rising trend line shown on chart. In addition to the short term falling trend line for the bearish wave.
I have shorted a small amount. Be careful of the high margin requirement and spread for the pair.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican
Trade active
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Trade closed: stop reached
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Comments
marcelocarnauba
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No patterns here
aziz.au
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Was basically a good trend rider plan. Can I ask was the following H1 candle confirmation (shown by arrow) was used for entry?
Technician
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not really. Its was the four-hour pin bar.
nahidik
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Technician so close. A game of inches so to speak. Keep publishing the great work.
Technician
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Thanks man
Technician
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:S
pyramids_Forex
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What you think about EURSEK mate
AlexBx
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Good spot! Thank you!
Don't you think it could be good re-entry on H4 PinBar?
Technician
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I am eying it for confirmation this time. I need to see a bearish pin bar.
Pimmixx
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ist not a perfect reversal candle, but now's the time to enter I would guess. get on your 5 min Chart and take a look when to enter. Who's in?