EURUSD Bear time
Updated
Today, i would like to share my analysis about EURUSD.
As we see the chart is still on Bearish Trend but it looks like making a bounce.
On 4 hour tf, i see there's an IMPULSIVE 5 WAVE, but we could see a price rising with volume going down.
This also supported by the divergence from MACD and Stochastic which makes me assume that it'll go down soon.
In a lower timeframe 1h, we could see a DOUBLE TOP there too.
So i would like to see a correction wave until "Blue Area" there.
Disclaimer ON
Wish Us Luck
As we see the chart is still on Bearish Trend but it looks like making a bounce.
On 4 hour tf, i see there's an IMPULSIVE 5 WAVE, but we could see a price rising with volume going down.
This also supported by the divergence from MACD and Stochastic which makes me assume that it'll go down soon.
In a lower timeframe 1h, we could see a DOUBLE TOP there too.
So i would like to see a correction wave until "Blue Area" there.
Disclaimer ON
Wish Us Luck
Trade closed: stop reached
Trade active
Trade closed: target reached
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.