EURUSD Bearish on all indicators
EURUSD is under both the MA50 4H and MA200 4H.
Two Channel Down patterns spotted, price within both.
Death Cross 4H formed at the start of the week.
Trading Plan:
1. Sell as long as the price trades below the MA50 4H.
2. Sell extension if Support (1) at 1.04850 breaks.
Targets:
1. 1.05000 (above Support 1).
2. 1.03350 (above Support 2).
Tips:
1. The MA of the RSI 4H can be used as a great entry when it breaks for intra day trading.
Please like, follow and comment!!
Two Channel Down patterns spotted, price within both.
Death Cross 4H formed at the start of the week.
Trading Plan:
1. Sell as long as the price trades below the MA50 4H.
2. Sell extension if Support (1) at 1.04850 breaks.
Targets:
1. 1.05000 (above Support 1).
2. 1.03350 (above Support 2).
Tips:
1. The MA of the RSI 4H can be used as a great entry when it breaks for intra day trading.
Please like, follow and comment!!
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