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Re-Entry opportunity

Last time I posted about reasons to go Short with EURUSD. And I earned 173pips of profit. Price had pullback after that, and testing resistances once more. Now, we are having second opportunity to trade. The hourly chart formed Butterfly pattern.
Pending entry placed below the 61.8% of Fibo. The initial target is 1.1050.
If there was no limitation on the order numbers, I would place one more pending order @1.1265. This is the second, and the most probable turning point.
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aagiidu 2016年09月22日

Switched to @1.1265 entry for a safer and bigger trade.

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Reasons to Short EURUSD

Reason 1:
This was confirmed about 2 months ago. May be, many of traders keeping their short positions since then. The big Pitchfork shows EURUSD is already below the lower line, and can't get upside for 2 months.
Reason 2:
There is a clear Butterfly formed right after the pullback to the Pitchfork LowerLine. I'm keeping my Short entry right from the red arrow @1.1322, which is a 161.8% of the Fibo.
Reason 3:
Wedge breakout and pullback. (You can see there I had 1 more short position with 75pi…
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aagiidu 2016年09月21日

Today's news has changed the market mood, and EURUSD may test back the resistance @1.1250 once more. So, I decided to tighten my SL to 1.1155.

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