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Actively sell

13 April 2016, EUR/USD

Buyers have taken another attempt to break through and consolidate above the upper border of the channel, but this attempt has ended in failure as well.

As a result, bulls got exhausted and gave their positions, and the pair has sharply moved downward, having designated the vector of its movement for the near future.

Thus, we can say formation of a double zigzag is over and now we can expect a drop.

My yesterday's Sell trade has been closed by Stop, but today I opened another three trades and all three of them have already been transferred into the black.

Price movement has a very good potential, so I plan to keep sales for a long time

Actively sell

Vasiliy Lukin
FreshForex Analyst
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