Thursday, December 26, 2013

EURUSD sell 1.3692 sl 1.3712 tp 1.3654

Signal based on M15 chart technical analysis. Today's swing high hit the 1.3702 and look for the dow theory notes the higher high switches into lower high. So I short from the lower high of swing high and it is filtering the trendline. 
Signal sell at 1.3692 stop loss 1.3712 target1 1.3654 target2 1.3625
Next signal is waiting for breakdown the second lower trendline then we can double sell and do break even for previous sell

Trend analyse: Lets see more bigger picture on H4 chart technical analyses. My main method is look for the Dow theory  for detect swing high and swing low then draw the trendline of price action, wait for breakout the filter trendline the do order to follow the trend. This picture is made with Fibonacci Fan and filter trendline. The trendline drew on the fibo fan's 50% level. If price breaks that level we can do strongly bigger short position.




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