EURUSD Short Setup Based on Weekly & H4 Indications

2015年5月9日

Comments are appreciated. EURUSD has put a nice bearish weekly Doji and also a bearish H4 candle. On the H4 chart, I see an opportunity for a possible short scenario with a break below 1.118, which will become a resistance. A highly possible retest and fail. In that situation, a short position entry at 1.117 will target around 1.0675. The pair might retest 1.139 and fail. If it does, I see another short entry too. Another scenario which is not in the chart is retest the near resistance at 1.128 and fail.

To sum up, to possible short scenarios:
1) An immediate break below 1.118
2) Retest and fail of 1.139

Thank you