MEX_Exchange
Short

EURUSD reversing nicely, remain bearish

FX:EURUSD   Euro / US-Dollar
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572.
Reason for the trading strategy (technically):
Price has started to reverse nicely from our selling area. We remain bearish below major resistance at 1.1666 ( Fibonacci retracement , horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1572 support ( Fibonacci extension , horizontal swing low support).
Stochastic (21,3,1) is dropping nicely with good downside potential. Bearish divergence vs price signals that a reversal is impending.
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What is the name of this indicator under the page? And what explains to us?
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dakkid atahakilic
@atahakilic, Stochastic...
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thanks
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thanks for your view on EURUSD!
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thanx for the analysis..
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thanks for the analysis!
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sending thanks from USA for the great analysis!
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Always love your analysis, thanks MEX_Exchange!
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I got back in this trade 3 hours ago selling at 1.16300 now its touch 1.16500
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