Tuesday, August 4, 2015

New EURUSD Signal

As of 08/04/2015 @ 16:45 EST:

The Global Currency Scalper has recognized a descending triangle pattern on EURUSD.

The EURUSD is in the process of forming a descending triangle which we will be looking to short about 20 pips below the bottom of the triangle.  According to our algorithm this pair has a 76% success rate on the daily chart when it recognizes a pattern.  This pattern has a 76% success rate for all currency pairs which we monitor.

Our profit target will be 200-220 pips while our stop will be 180-200 pips.

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