09 April 2015

EUR/USD : Sell Stop-in @ 1.0712

  • Monthly and Weekly bearish charts unchanging.
  • Daily : Recent consolidation between 1.05 and 1.10 seems to be over. A very unconventional triple top of sorts (loosely) at 1.1050 broken neckline at 1.0713. Sell stop-in triggered at 1.0712. Target 1.0374. [But of course big picture downside objective is much much lower].
  • Watch recent low at 1.0462 as well.
  • Most crowded trade in the world so extreme caution warranted. Stop close back above neckline. 
  • Such a coincidence to get 2 trade signals on first day back. 

1 comment:

Taichiseal said...

Added short -1.0616