Short

20181210 14:47 EURUSD M15 M-formation expecting 40 pips downward

Updated

In the EURUSD M15 chart, CC59 counting in the Graph Reader Pro 4.0 for TradingView generated an oragne resistance line at 1.14229 and a light blue support line at 1.13868. Since today's open at 20181210 05:00, the price climbed up from the CC59 support to above the CC59 resistance. The price went up further until the RSI > 70% and then made an M-formation around the Day's Open + ADR/2 white line. A bearish target price of at least +40 pips downward is expected.

Note

The price has gone downward from the orange CC59 resistance line of 1.14373 USD/EUR. As of 20181210 21:15 the price has already come down for +40 pips.

Note

As of 20181210 22:45 the price has already come down for +50 pips.

Note

As of 20181210 23:00 the price has already come down for +60 pips.

Note

As of 20181210 23:15 the price has already come down for +70 pips.

Note

As of 20181210 23:30 the price has already come down for +80 pips.

Note

As of 20181211 01:30 the price has already come down for +85 pips.

Trade closed: target reached

nimit.chomnawang

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