EURUSD SELL 1.2573 – July 4, 2012

EURUSD SELL 1.2573 – July 4, 2012

A Sell Signal for EURUSD was issued at 1.2573 on July 4 with confirmation of a 4 Hour Moving Average Crossover using the Trend Catcher strategy.  The pair was also experiencing resistance off the 1.2670 Macro Level implying a bearish move. Target 1 was 1.2530 / Target 2 was 1.2435 / Target 3 was 1.2110

eurusd-07042012-sell-entry

eurusd-07042012-sell-entry

 

The EURUSD pair fell quickly soon after the crossover and the pair easily hit Target 1 at  1.2530

eurusd-07042012-sell-target1eurusd-07042012-sell-target1

 

The pair then plunged dramatically, falling past Target 2 at 1.2435 and continuing the drop until finding a temporary low just above the 1.2355 Macro Level.

eurusd-07042012-sell-target2

eurusd-07042012-sell-target2

 

After hitting the 2nd target and falling below the 1.2355 Macro Level, the pair meandered in a drawn-out consolidation. Finally, the EURUSD dropped again and successfully hit Target 3 at 1.2110

eurusd-07042012-sell-target3

eurusd-07042012-sell-target3

The trade generated 463 Pips, making it another successful trade using Traders Elite Forex Signals.

This post is a summary of a trade Traders Elite issued and is for educational purposes only.

 

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