Roberto_C
Short

EURUSD: Early Bearish Signals?

FX:EURUSD   Euro / U.S. Dollar
63 views
1
https://uk.tradingview.com/chart/sFFiHnjR/
Good Day,
We can see early signals of Bears taking control on this pair. These are:

1. Pin Bar formed on 14.06.2017
2. Strong bearish candle that broke the support line at 1,1150/1,1160
3. An Inside Bar formed the day after the brake.
4. Another strong bearish candle that almost engulfed the prevous long candle. It's seems to confirm the brake.
Takin in consideration these confluences, i put the following order:

SELL LIMIT AT 1,1129
STOP LOSS AT: 1,1220
TP AT: 1,0929
RISK:REWARD= 1:2

Any comments are appreciated!!

Comments

We get stop loss. It was a counter-trend trade, cause tre trend is still bullish. Anyway we risk only 1% of the account.
Reply
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