forexcanada
Short

Failed to make new high

FX:EURUSD   Euro / U.S. Dollar
352 views
0
My stochastic on the daily failed to make new high and also price action didn't deliver higher either. Shorting is starting to make sense. I would like to short on an important psychological level of 1.3000 aiming primarily at target 1. NFP friday and also Spain bailout or not is my fundamental concern on that one(short term). Stop above the first top at 1.3174

This daily is showing an Adam & Eve double top formation. Technically, this pattern is valid when price drop below the confirmation line which is at 1.2874. It also almost correspond with the Fibo level 23.6 drawn from July 24 to Sept 14.
Enjoy!

Gaven Sirois
@forexcanada

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out