harold312013
Short

EURUSD SELL setup

OANDA:EURUSD   Euro / U.S. Dollar
In higher time-frame structure(i.e. 1D/1W), ascending channel structure is obviously formed & looking for pattern breakthrough to the TP as shown in the graph. Looking for potential SHORT TERM/ LONG TERM sell position at the brink of the structure. Looking into lower time-frame( i.e. 15mins or even 1h chart), little ascending channel is formed & candles touched the top of the structure for the third time, which fulfilled the multi-touch requirement. Would recommend to place entry few pips below the structure & wait to be triggered in.
Trade active: Have been observing the movement of the pair since it showed immediate retracement over the night. Personally, my position was closed as I trailed stop to where break even point would be. But would suggest to place SELL position again to see it dipping.
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