Well, as I say in the past week, EUR/USD have a possible bearish movement at the zone of $1.0923 USD for each EUR. So, this is a bad, because all news it's may be that EUR/USD going to drop. So, the algo, we are in the elliot correction ABC with a moment bearish, so also, I put an alert when EUR/USD leave at $!.1127 USD, because this is my alarm what put to sell it and hoping confirmation.
Also, if you want, you can to see in hte H4 timeframe, because in this timeframe are very interesting to take ideas.
If you see in this screenshoot, we are in the highly zone to sell it. And also, if you consider the MACD we need also to give us a confirmation of sell it.
If you see in Daily timeframe, we are in the highly zone of sell it, and we are in the line of the bearish channel from a lot time.
Also, if you want, you can to see in hte H4 timeframe, because in this timeframe are very interesting to take ideas.
If you see in this screenshoot, we are in the highly zone to sell it. And also, if you consider the MACD we need also to give us a confirmation of sell it.
If you see in Daily timeframe, we are in the highly zone of sell it, and we are in the line of the bearish channel from a lot time.
Trade active
So, in H4 timeframe, there are many confirmation why EUR/USD is drop the price, MACD and RSI now have in the good zone of sell, and using the price action of H1 timeframe has an indication of stron sell. So, guys, I make a entry at $1.1135 USD
Trade closed manually
Well, at the moment EUR/USD is continue bullish about the tension of USA. So, my technical analysis I assume that was an error.
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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.