Monday, 22 February 2016

EUR/USD sell update


My current open sell short gain is 170+ pips so far.

The price might experience some consolidation inside the two parallel lines I drew just below where the price is now.

But both oscillators are showing signs that the price will continue downwards. The stochastic oscillator just pass thru the 50 level mark which is a good indicator of the direction of the price but this time I won't add more sell short. The increasing histogram bars from the MACD indicator is also a confirmation of downward price movement.

No comments:

Post a Comment