Today, i would like to share my analysis about EURUSD.
As we see the chart is still on Bearish Trend but it looks like making a bounce.
On 4 hour tf, i see there's an IMPULSIVE 5 WAVE, but we could see a price rising with volume going down.
This also supported by the divergence from MACD and Stochastic which makes me assume that it'll go down soon.
In a lower timeframe 1h, we could see a DOUBLE TOP there too.
So i would like to see a correction wave until "Blue Area" there.
Disclaimer ON
Wish Us Luck
As we see the chart is still on Bearish Trend but it looks like making a bounce.
On 4 hour tf, i see there's an IMPULSIVE 5 WAVE, but we could see a price rising with volume going down.
This also supported by the divergence from MACD and Stochastic which makes me assume that it'll go down soon.
In a lower timeframe 1h, we could see a DOUBLE TOP there too.
So i would like to see a correction wave until "Blue Area" there.
Disclaimer ON
Wish Us Luck
Trade closed: stop reached
Trade active
Trade closed: target reached