EURUSD Candlesticks Reversal

A Hanging man Candlesticks reversal pattern forms on the 15 minutes chart. We place a sell stop order below the low of the pattern @ 1.2820. After the position is opened a protective stop loss order is placed @ 1.2840. We close the position at the mid Bollinger band @ 1.2790.

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This entry was posted on February 06th, 2009 and is filed under Forex Set-up. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.