Sell-signals
DON'T MISS THIS OPPERTUNITY - EURUSDWe will be looking to Sell EURUSD!
The first indicator we used was the Fibonacci Retracement. We can see price has reached the 'Golden Zone' after a Bullish finish to the first week of February.
However, the Stochastic indicator is also pointing towards a sell off. You will notice the market has been extremely overbought.
Lastly, you will notice price broke the descending trend on Friday afternoon, I believe we will see price retrace back to the trend before the market move Bullish.
British Pound / Australian Dollar 4H ( Sell Setup )Hello Good Day to every traders around the world. Here is my analysis for GBPAUD in 4H chart. Previously, i predicted that this chart is valid for buy setup but unfortunately it fails. It creates a new turning point there and now we are more into sell mode. Due to GOLD rise, AUD will rise too. I've posted my targeted TP and SL with the long position box. Thank you for viewing my analysis on British Pound / Australian Dollar setup and do like if you think it's worth to view and follow.
EUR/USD SIGNAL (Short term sell)TOPDOWN ANALYSIS: Shows bullish trend being broken (with large 4H candle break below trendline)
ACTION PLAN: 1.) Wait for pullback/ retracement to 1.22467 price level
2.) Look for a wick rejection and an bearish engulfing = enter with a 1:3 Risk reward
MAGIC IF: 1.) If price pulls back above trendline and consolidates = wait for another bearish break and retest
1.2) If price pulls back above trendline and shows large bullish momentum candles (large body but small wick) wait for a break and retest above previous structure highs (then look to enter a buy)
2.) If price continues down without retesting = Don't enter (because of possible entry at exhaustion) but wait for at least four bearish trend confirmation LL, LH, LL, LH
Reasons/ Confluences:
.Price has not yet reached monthly High and has broken bullish trendline structure
.USD News event strengthening the dollar
.Large 4H candle close below trendline
TIPS:
.Enter a sell position with a sell stop
.Once price has moved to 1:1 risk reward, move stop-loss to break even and possible exit (if candles show exhaustion)
.Never enter a trade hastily (there will always be more opportunities)