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Marco_it972

EUR/USD SELL SETUP on 4H TIME FRAME

Short
Euro / U.S. Dollar (SAXO:EURUSD)  
Marco_it972  
SAXO:EURUSD   Euro / U.S. Dollar
Trend Analysis Trend Lines EURUSD eurusdshort eurusdforecast eurusdprediction
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trendanalysis trendline eurusd eurusdshort eurusdforecast eurusdprediction
EUR/USD ANALYSIS:

- LONG TERM DOWNTREND in PLACE
- RETRACEMENT on 4H CHART ENDED near long term down trend line
- Multiple bearish divergences in MACD on smaller time frames

STOP LOSS above long term trend line
TAKE PROFIT with reward/risk ratio of about 3 should be safe

Good luck!
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