Why I think EURUSD Will Continue to Sell This Week
Hey Rich Friends,
This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators.
I think EU will continue to see this week, and here is what I am looking at:
- The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always correct itself!
- The candles have rejected a previous supply zone on the daily chart
- Structure has been broken on the downside from the previous day
- Candle has opened and closed below the 50 EMA.
- Candle has crossed below the 200 EMA
- The STOCH is facing down, the orange line (slow) has crossed over the blue line (fast) and is below 50.
These are more than enough confirmations for me to take the sell! Check it out, and see if it makes sense to you to take this trade. CHECK THE NEWS.
Peace and Profits,
Cha
This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators.
I think EU will continue to see this week, and here is what I am looking at:
- The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always correct itself!
- The candles have rejected a previous supply zone on the daily chart
- Structure has been broken on the downside from the previous day
- Candle has opened and closed below the 50 EMA.
- Candle has crossed below the 200 EMA
- The STOCH is facing down, the orange line (slow) has crossed over the blue line (fast) and is below 50.
These are more than enough confirmations for me to take the sell! Check it out, and see if it makes sense to you to take this trade. CHECK THE NEWS.
Peace and Profits,
Cha
Trade active:
This is the daily chart but all 3 targets were hit on the smaller time frame for a total of 55+ pips. I was expecting a pull back so that my sell limit would trigger, but it did not happen. I was still able to profit off of my Market execution trade.
themoneymantra.talen...lus/external-catalog