After analyzing the market over the past week, EURUSD is on an overall downtrend, but has been on an uptrend for the past week. I am looking at it for a short sale. There is a break of structure on the four hr. The market has a hard time getting past 106.853. It hit the area three times in the past two days, and has not gotten past that area. I feel it will hit the area again, prior to turning around to continue downtrend. Price is currently crossing up over EMA, with momentum and Stochastic facing up.
Giao dịch đang hoạt động:
This is a 1:2 Risk to reward ratio
Giao dịch đang hoạt động:
Idea is still in motion, almost hit SL, but turned around at repeated support zone. Trade Idea pending
Bình luận:
Original analysis should have said "Short buy" not "short sell," as indicated on the chart TP and SL areas.