WingedFury
Short

EURUSD Hit Medium-Term heavy resistance

FX:EURUSD   Euro / US-Dollar
EURUSD             Short from the ~1.3000 mark due to the significantly bearish inverted hammer candle strongly rejecting the 1.3219 resistance. RSI is currently in a rising wedge headed to the oversold mark, indicating that the security in question is overbought and lacks the momentum and buying pressure to break through this heavy resistance. My current price targets include both 1.11310 and 1.09130.

Also, take a look at this chart. It provides evidence I used to conclude that the resistance is quite strong as the price has not been able to maintain its gains within the zone.

Thank you for viewing my analysis!
Trade ist aktiv: Shorting from 1.12882.
Kommentar: I will add to my short as it rises. Although, I must reiterate that one should open a small position instead of a large position, for it is definitely possible for it to enter the resistance zone. Trade safe everyone! Good luck.
Kommentar: False breakout. I'm expecting it to now fall to the price targets; I am fully loaded short.
Trade geschlossen: Ziel wurde erreicht: First target reached 75% covered.
Great Job!!
Antworten
WingedFury Timothy1776
Thank you so much!
Antworten
http://prntscr.com/c6gk8g
dont get it, price wasn't even there, how is possible you shorted??
Antworten
I started my short at the dotted line.
+1 Antworten
airmac WingedFury
ok got it now, good short
+1 Antworten
nice chart
Antworten
WingedFury flashsolver
Thank you! I appreciate the feedback.
Antworten
flashsolver WingedFury
why would you short here though?
Antworten
WingedFury flashsolver
Well, I'm glad you asked @flashsolver. As I have stated within my analysis, the RSI is nearly overbought, thus causing EURUSD to deal with more selling pressure. Although it may break above the resistance, which is a definite possibility, it simply cannot do so without a corrective structure. I'm looking to add to my short should it break above these levels, however.
Antworten
flashsolver WingedFury
thank you :)
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden