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EURUSD Short-term Sell

Short
Euro / U.S. Dollar (FX:EURUSD)  
cvfxwealth Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forextraining forextrading forexanalysis EURUSD eurusdlong eurusdshort
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trendanalysis chartpattern indicator forex forextraining forextrading forexanalysis eurusd eurusdlong eurusdshort
EURUSD has broken upwards of weekly downwards channel. I expect a retracement before looking at potential buys.

Indicators:
1. Daily and Weekly RSI is sell zone.
2. Price currently at strong weekly resistance area (Look left).

Entry at current price of 1.1608 or 1.1650
Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600

TP 1@ 1.1500
TP 2@ 1.1450
SL 1.1690 range
(short stop loss implemented as this pair is very volatile at the moment)

Good luck trading!


Charles V
CVFX Management
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Comment:
Trade invalid, no confirmation of bearish daily candlestick.
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