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2. Nov. 2017 01:23

EURUSD reversing nicely, remain bearish Short

Euro Fx/U.S. DollarFXCM

Beschreibung

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.
Kommentare
atahakilic
What is the name of this indicator under the page? And what explains to us?
dakkid
@atahakilic, Stochastic...
PavithraDharmapriya
thanks
flsrp
thanks for your view on EURUSD!
sftsb
thanx for the analysis..
woyexafidguy
thanks for the analysis!
adssgam
sending thanks from USA for the great analysis!
hsvxkih
Always love your analysis, thanks MEX_Exchange!
keoni.seven
I got back in this trade 3 hours ago selling at 1.16300 now its touch 1.16500
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