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Selleurusd

EURUSD Rejected from critical areaThe EURUSD gor rejected from 100% fibonacci level near 1.1880. at the moment the pair retraced to trade near 61.8% critical level if broken and we witnessed a 4hrs candle close below 1.1820 we might see further momentum for the downside. potential finishing a W,X,Y wave might take euro dollar to new lows belo 1.1600 level. lets not forget the bearish monthly candle from last month " engulfing pattern". no doubt that the ranging market was taking over the markets recently however an impulsive wave is expected soon.
Short
by josephdahrieh
1
Kenji signals: sell EURUSDToday, the indicator "Kenji" on the daily EURUSD chart generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of EURUSD is currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same time, current prices entered the sell zone, which led to the formation of a "sell" signal. The short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Short
by Trade24Fx
5