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EURUSD: Short Entry Triggered on Bounce

EURUSD: Short Entry Triggered on Bounce

2011-02-01 05:21:00
Ilya Spivak, Sr. Currency Strategist
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Strategy: Short at 1.3668, Targeting 1.3489

EURUSD rebounded after a bearish Breakaway candlestick broke support at the bottom of a steep Rising Wedge formation, triggering out short entry order at 1.3668. Our initial target lines up at 1.3489, with a stop-loss to be activated on a daily close above 1.3758, the 1/27 wick high.

EURUSD_Short_Entry_Triggered_on_Bounce_body_02012011_EUR.png, EURUSD: Short Entry Triggered on Bounce

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To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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