Looking at the graph above we can see that we are on a downward trend and you can also see that in the last few weeks the eurusd has not been able to rise above the 2 average lines of the Ichimoku indicator (the red and blue line) and we are currently in the area that has been a trigger for declines in previous times (see circles we added in previous times).
Hi and salam to all of you. :-) I'm seeing a potential Bearish movement on EURUSD 4H. Best price would be 1.1040, risk 30 pips, rewards 60 pips.
Only trade when you can reap 2x from your risk so that it will be easy for you to end up with net profit later.
TAYOR and happy trading!
KHALID HAMID @ MK
Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
LINK IN BIO!!
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
Price was retracing from 0.50 fibo level and stochastic shows over bought situation as well. in the meantime orange line was crossing top of the blue line in stochastic shows us a clear down trend.
TP's and SL is up to you.
Note: Trade at your own risk and fundamentals are not involved in the analysis.
On EURUSD we see a pullback after the market has set a new lower low lower close based on 1.09 level.
The market is currently trading within a classic correction pattern called bearish flag .
Our target levels will be 1.094 and 1.09
During the last French Election, we saw EURUSD gap and rally bullish and the gap has yet to been closed. Over the last months, we have seen EURUSD move bearish but in a very slow and choppy motion with no true momentum.
At the moment, price is showing potential to move bearish and close that gap. Price has also been diverging heavily from the RSI indicating a...