EUR/USD 18.08.2016
Time frame D1
Long-term down trend, medium-term upward movement, short-term downward trend. Lower and lower tops. Price at the top of the channel near the diagonal and horizontal resistances. Today important data out out of the EU. If data is lower than expected, we can see a decrease in euro.
Price action signal - Pin bar (H4 chart) at levels of horizontal and diagonal resistance
Technical indicator
DeM(14) - In over-bought area and turning - a negative signal
SL: 1.1400
Alternative scenario : If the price goes above the horizontal resistance and make a new peak, this will break the negative scenario.
Jr_Trader_B_Arabadzhiev
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