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Signal Jan 19, 2012 – EURUSD January 19, 2012

Posted by Musa in : Journal , trackback

In M15 time frame, it formed butterfly candle. It is a signal to the reversal:

Also in TF M30, right 15 minutes after the signal in M15:

It will support the argument that the price is consolidating before goes up further or it may the peak of the resistance.

So, simply open sell (1.2866). For the the target point is in the middle of pivot point and resistance1(1.2825). For the stop loss, I use the previous high (1.2879). What’s gonna happen? Let’s see…