Euro / U.S. DollarShort
EURUSD - Potential Reversal - Cambist Strategy - Hourly Chart
EURUSD - Bearish Potential
Through analysis of the hourly chart, it can be observed that EURUSD is currently in bullish trend as it is making a series of higher highs and higher lows. However, a bullish divergence has formed on the last two higher highs meaning potential for trend reversal. Using the cambist strategy developed by my mentor Faraz (Trad3WithFaraz), it is clear that potential for trend reversal is high. See further details below:
Cambist strategy using Heikin Ashi & Cambist Indicators on MT4:
Trend bullish
Bearish divergence formed
Blue dot formed on MT4
Red candles formed on MT4
Trade Plan:
Entry - Instant Sell - 1.1153
Stop Loss - 1.1183
TP1 - 1.1123
TP2 - 1.1093
Risk Management -
Maximum loss of 0.25% for each trade.
Profit for TP1 0.25% and 0.50% for TP2.
Through analysis of the hourly chart, it can be observed that EURUSD is currently in bullish trend as it is making a series of higher highs and higher lows. However, a bullish divergence has formed on the last two higher highs meaning potential for trend reversal. Using the cambist strategy developed by my mentor Faraz (Trad3WithFaraz), it is clear that potential for trend reversal is high. See further details below:
Cambist strategy using Heikin Ashi & Cambist Indicators on MT4:
Trend bullish
Bearish divergence formed
Blue dot formed on MT4
Red candles formed on MT4
Trade Plan:
Entry - Instant Sell - 1.1153
Stop Loss - 1.1183
TP1 - 1.1123
TP2 - 1.1093
Risk Management -
Maximum loss of 0.25% for each trade.
Profit for TP1 0.25% and 0.50% for TP2.
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.