20181204 19:03 EURUSD M15 finished M-formation targeted 50 pips

Since the day opening, EURUSD in M15 TF has been rising until it hit the Friday's High level (dashed upper green line) manually extended from the auto-generated by Graph Reader Pro 4.0 Invited-only-script. On 20181204 19:03 EURUSD M15 finished M-formation around this green line of 1.14000 USD/EUR. The completed M-formation allow a selling opportunity with a price target of at least 50 pips downward. I was driving and just have a chance to post this. The confirmation of SMA3 crosses down SMA13 had already occurred.

Trade stängt manuellt:

The target of at least +50 pips downward has been met. This was a classic Market Maker's movement.