Hey Rich Friends,
Happy Monday! I wanted to share my analysis on EURUSD and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at:
- Momentum has picked up for the sellers after the swing high was hit. This means a downtrend has started and is picking up.
- The market structure was broken on the downside on M15 and H1. There was a retest and previous support became resistance.
- The stoch is facing down, both lines have crossed below 80, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me.
Additional information:
- I will wait for both lines of the stoch to cross below 50 to confirm the down trend.
- I will use previous highs as my SL and previous lows as my TPs.
Good luck if you decide to take this trade, let me know how it goes.
Peace and Profits,
Cha
Happy Monday! I wanted to share my analysis on EURUSD and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at:
- Momentum has picked up for the sellers after the swing high was hit. This means a downtrend has started and is picking up.
- The market structure was broken on the downside on M15 and H1. There was a retest and previous support became resistance.
- The stoch is facing down, both lines have crossed below 80, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me.
Additional information:
- I will wait for both lines of the stoch to cross below 50 to confirm the down trend.
- I will use previous highs as my SL and previous lows as my TPs.
Good luck if you decide to take this trade, let me know how it goes.
Peace and Profits,
Cha
Trade active
Sell limit triggered at 1.12510Trade closed: stop reached
Stop loss hit - 25 pips for me. 
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.
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.