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orvilleawright

BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest

Euro / USA-dollar (FX_IDC:EURUSD)  
orvilleawright  
FX_IDC:EURUSD   Euro / USA-dollar
EURUSD hourly orville wright Descending Triangle Descending Channel Ascending Channel bulltrap consolidation breakout price-action support Support and Resistance
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eurusd hourly orville wright descendingtriangle descendingchannel ascendingchannel bulltrap consolidation breakout price-action support supportandresistance
Nov 15 2015: BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest

(Analysis Based on 1 hour chart)

Observations
1. Long term bearish channel
2. Short term bullish channel
3. Short term bearish channel
4. Consolidation
5. Descending triangle

NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell breakout after retest at consolidation lows.

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