Short

Draghi: "The Euro cannot go any higher, it must go down."

By Rnefr

Updated

The reasons for this trade are based on
the geometry and algebra in the image above

Note

I will be watching the next daily bar.

Note

the length of the next daily bar
will show us how badly support is broken,
and how likely price will continue

Note

Also, the momentum from today's bar,
will carry over to tommorow.
First Target is todays bar,
Second Target is tommorows bar,
Full Target is about 4 daily bars

Trade active

Also, note the today's daily bar low,
it will be support for the next daily bar,
and it will give a hint about how far price will extend.

Trade active

I moved the stop loss to break even
plus a few pips, now we just wait

Trade closed: target reached

trade closed target reached

Trade active

trade re-opened at 1.060000

Trade closed manually

trade closed trade closed

Trade closed: target reached

eurusd

Rnefr

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