Sell on EUR/USD

17 Jan 2016

Based on the 7/1/16 mother candle of the daily diagram, note the 2 FAKEY setups that have been created on 11/1 and on Friday 15/1 (pin bars), that provide big probability towards moving the pair down at 1,0770 (1st resistance the bottom of the mother candle) and after this point further down around 1,0650). That gives us a R/R 1,98 (1st case) and R/R 3,58 in the second case. SL will be placed at around 20 pips above 1,09420 (above the top green arrow).

Good luck.