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Sell EURUSD Jan 17, 2012 – Intraday January 17, 2012

Posted by Musa in : Journal , trackback

This is further analysis from my previous posting on EU. After on EU formed Doji candle, now it’ve been confirmed by the next candle that below the previous candle for each open and close price:

So, it’s time to enter sell:

As you can see at that picture, I enter sell because doji candle has formed and continued by red candle. Then for the target point and stop loss point I used Fibonacci. That for the target point I set above 61.8% of the previous trend. And for the stop loss point, we can use the previous high or use your own MM cut loss.

Closed, cut 30%.

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