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Intraday commentary on patterns

EURUSD Three Inside Down Hourly Chart

Fri, Jul 13 2012, 06:03 GMT
by Mark De La Paz | FX Instructor

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Resistance: 1.2204 strong/1.2242 moderate/1.2286 minor

Support: 1.2161 moderate/1.2123 minor/1.2079 minor

Three Inside Down is just under the pivot point at 1.2204 in Hourly EURUSD charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 1.2161 break of which should see us move to 1.2123. Stop loss should be placed above 1.2204.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices

Published On Fri, Jul 13 2012, 06:06 GMT Previous entries

Mark De La Paz

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Mark's interest in financial markets has been an ongoing affair, starting from college, where he dabbled in the local equity markets with his college fund. Finishing his BA in Public Administration, Mark remained passionate about trading, and started out working in the niche brokerage business among bank traders.

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Intraday commentary on patterns

EURUSD Three Inside Down Hourly Chart

Daily Live Trading Room

Mark De La Paz

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Legal disclaimer and risk disclosure

Website improvements

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