kfrivaldo
Short

short setup on a smaller term time frame

FX:EURUSD   Euro / U.S. Dollar
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Current market condition.
1. Currently in a sideways trend after a normal uptrend.
2. The market Is at the lower portion of the range
3. The market s still above the 55 SMA . this suggests that the market is in consolidation phase.
4. As it is in ranging, the best is to seek buying opportunity at the lower part of the range (with RSI below or within 30) or seek selling opportunity at the upper portion of the range (with RSI above or within 70)
5. a possible sell trading opportunity on a lower time frame
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