Last week when the market opened for EUR/USD we saw late sell signal on MACD with +D above -D on ADX. We saw a pullback to my 12 am (US time) preferred time frame entry.
We see the same set up for this weeks market open. We are on a late sell signal on MACD with +D above -D. A pullback will occur before the drop.
We see the same set up for this weeks market open. We are on a late sell signal on MACD with +D above -D. A pullback will occur before the drop.
Comment:
9pm candle on my 1 hr chart closed bullish.
I personally closed my trade for a small profit and entered my sell swing 1 minute prior to 10 pm. -D is looking to cross up through + D on MACD indicator confirming the entry. If this pulls back it wont much. Lets ride that trend down!
I personally closed my trade for a small profit and entered my sell swing 1 minute prior to 10 pm. -D is looking to cross up through + D on MACD indicator confirming the entry. If this pulls back it wont much. Lets ride that trend down!
As predicted we are seeing the pullback occur through simple pattern analysis of similar market open to last weeks open.
Expect this trend to ride around 12 am (US time). 12 am is an especially strong swing timeframe for USD pairs.