Hey Rich Friends,
I think EURUSD will continue to sell today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators you have on your chart. Here is what I am looking at:
- The market has rejected the most recent highs around 1.08610
- Bearish candles have picked up momentum in the last few hours
- Structure was broken on H1 and support was retested as resistance
- The STOCHASTIC is facing down, the orange line (slow) is on top of the blue line (fast), both have crossed below 50% and 80%
These are all bearish confirmations for me. I will set my SL at a previous high and use previous lows as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
I think EURUSD will continue to sell today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators you have on your chart. Here is what I am looking at:
- The market has rejected the most recent highs around 1.08610
- Bearish candles have picked up momentum in the last few hours
- Structure was broken on H1 and support was retested as resistance
- The STOCHASTIC is facing down, the orange line (slow) is on top of the blue line (fast), both have crossed below 50% and 80%
These are all bearish confirmations for me. I will set my SL at a previous high and use previous lows as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
Trade active
TP 1 HIT! Trade closed: target reached
TP 3 hit! 60+ pip secured in this trade. If it closes below 1.07490, it may continue to sell down to previous support levels. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.