EUR/USD
Date 16 January 2017
Daily graphics: Longtime descending trend.
The 50 period EMA is under the 200 period EMA. The price is testing the horizontal resistance on level – 1.06871. Shorter peak than the previous one – possible signal for short.
Price action - Pin bar on a level of resistance. Possible short signal
Alternative scenario : If the price goes above the peak of the pin bar this scenario will be spoilt.
Stop loss 1.06871
Entry price 1.06203
Junior_trader -S.Panteleev
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