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Intraday commentary on patterns

EURUSD Three Outside Down Hourly Chart

Mon, Oct 15 2012, 14:09 GMT
by Mark De La Paz | FX Instructor

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Resistance: 1.2977 moderate/1.3027 minor/1.3103 minor

Support: 1.2901 strong/1.2851 moderate/1.2775 minor

We have a bullish bias in EURUSD Hourly charts with prices just under a moderate resistance level. Candlesticks show a high level bearish reversal pattern Three Outside Down. Consider shorts at market for 1.2901 break of which should see us easing off to 1.2851. Stops should be placed above 1.2977 or the patterns high.

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

Published On Mon, Oct 15 2012, 14:11 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 Outside Down Hourly Chart

Daily Live Trading Room

Mark De La Paz

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Legal disclaimer and risk disclosure

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