EURUSD. Entering into SELL ZONE at 1.1745-55

We are in SELL mode in EURUSD. 1.1745-55 is a quadruple resistance area( Trendline, Previous base, R2, 89EMA),making the continuation beyond that level impossible without prior correction.We expect Sellers to emerge there and for this we are waiting with sell orders. Stops above 1.1765 and initial target 1.1725.

Kommentera:

We are opening now a SELL order at 1.1730 in case the 1.1745-55 is not met. Of course we will add more there...Initial target for the 1.1730 short trade is 1.1700

Kommentera:

Price entered into SELL zone area. Waiting for targets to be reached