Time to sell the EUR full force?

Hi friends,

The biggest question during the last period is – Is that the time to sell the Eur, if so, how to do it?

Well, I think the trend now is clear, and as long as the EURUSD holds below 1.2650 I will keep my bearish positions. I want to show you what I base my analyses on.

Weekly chart:

We can see that the support was broken strong and we have much more where to go for weekly BB duplication down. The target based on it is 1.18

Daily chart:

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You can see that the flag was broken down and the indicator all aim for bearish direction

4 hours chart:

That’s the chart I will look to enter on. The circles provide the areas i will look for sells. I will go even for lower TF and watch for bearish divergence for best entry.

The final target, as I’ve mentioned is 1.18

So, if the European issues will last, we can enjoy from wonderful bearish ride.

Enjoy

Vladimir Ribakov

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.