scanning through EU

>> Friday, October 16, 2009

Hi guys...just a quick post...i saw a bearish engulfing pattern might formed on EUR/USD...and if it form..there might be a good opportunity to short this pair..here is the picture



UPDATE: TRADE TAKEN....based on the candle formation



Let see how it goes..

Update 3...Price moves nicely to our favor...i will lock onto some profit in case it turn the other way...



Update 4: Close position for +55 pips profit...

Note: *The first chart is from FXPRO broker while the second is from IBFX, they have different closing time but pattern is still a pattern...so i took it from IBFX.

Cheerss

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