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EightfoldPath

POSSIBLE EURUSD SHORT setting up

Short
Euro / U.S. Dollar (FX:EURUSD)  
EightfoldPath Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis surefx nailandbail Forex fx trader EURUSD swingtrade rickyjohnson
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trendanalysis surefx nailandbail forex fx trader eurusd swingtrade rickyjohnson
Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.

1.7RR Trade
Stop 1.18000
Target 1.15700
Comment:
MOVE STOP DOWN INTO PROFIT. NEW STOP LEVEL 1.17100
Comment:
MOVE STOP DOWN FURTHER INTO PROFIT. NEW STOP LEVEL IS NOW 1.16700
Comment:
CLOSE 90% OF POSITION
Trade closed: stop reached:
LAST 10% OF POSITION STOPPED OUT
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