GrowingForex

SHORT EUR/USD SETUP.

Short
FX:EURUSD   Euro / U.S. Dollar
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7
PATTERNS/CHANNELS.
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>PRICE INSIDE BROAD BULLISH CHANNEL .
>FALLING WEDGE INSIDE BROAD BULLISH CHANNEL .
>BULLISH ABCD PATTERN INSIDE FALLING WEDGE .
>BIG HEAD & SHOULDER PATTERN.
>SMALL HEAD & SHOULDER PATTERN.
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POTENTIAL TARGETS/ SUPPORT & RESISTANCE .
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|>TARGET AT SUPPORT LEVELS.
>R1 - 1.0711. |>S1/T1 - 1.0620.
>R2 - 1.0764. |>S2/T2 - 1.0533.
>R3 - 1.0793. |>S3/T3 - 1.0496.
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CONCLUSION :-
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> ENTRY AT NECK LINE GO SHORT HAVING POTENTIAL TARGETS SHOWN ABOVE.
>ENTRY STRATEGY, CALCULATE THE PIPS FROM NECKLINE TO BIG HEAD WHICH IS 174 PIPS,SUBTRACTING 174 PIPS TO NECKLINE WHICH IS 1.0640 - 174 PIPS WHICH IS 1.0480.
>HENCE SETTING A TARGET TO S3 IS MORE RELIABLE.
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