Evening star reversal candle stick pattern at 50% fib retracement.
Open - 1.47567
Stop Loss - 1.4870
TP 1 - 1.45749
TP 2 - 1.44407
TP 3 - 1.43707
TP 4 - 1.42701
Trail TP, if price gets close to one move tp to next tp...because it might just blow right through them
*Author is not liable for any losses incurred*
Price is approaching resistance level.....Previously support (broken)
Price is above 50% Fib retracement approaching 61.8% Fib retracement.
Watch for price action signal and GO SHORT FOR 100 pips....
*Author is NOT responsible for any losses incurred*
Price is at the resistance level (previously support)
Downward trend (Price is on trend line)
Increasing downward momentum (Length of candlestick is growing)
Short = 200 pips to near support level
*The author is not liable for losses incurred.*
Resistance zone of 75.850 has not been crossed and already a decline
MACD convergence and crossover soon.
RSI of 70 has already been hit.
Other chart patterns noted earlier.
SUGGEST A SHORT OF 10PIPS.....WITH SMALL LOTS.
Through out the day and since yesterday, the currency pair has established a Support zone of above 108.410 and a resistance zone of below 108.720.
Following that and the RSI of about 70 and a MACD thats about to converge i believe this currency pair is about to take a dip of at least 10pips.
This would be a good opportunity to place a Sell/Short minimum 10pips if...