Euro / U.S. DollarEducation
12/20/2018 EURUSD 5m and 15m Reversal on MA100 and Upper Channel
Breakout run from EUR open, followed by stop run through 1.1442.
On the 5m chart, 3 pushes shows slowing momentum.
On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472.
On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared.
Another reversal surely confused the bulls and paid 1:4
On the 5m chart, 3 pushes shows slowing momentum.
On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472.
On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared.
Another reversal surely confused the bulls and paid 1:4
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