Looking for a sell on EURUSD
+Most it will go up is to region 1.17930 before initially dropping
-Showing bearish signs
-MACD & STOCHASTICS crossed
-Bearish flag formation
-TP looking around region 1.17340
- Forming a Bullish Formation
- Strong Trend-line has bounce on the bottom 3 times
- Bounce on top twice
- Ranging in that supply zone once it breaks it will shoot up to about 1.30925 (50 pips)
#itradewithkevin So far I'm 3 for 3
Many people thought AUDUSD was going to reverse around the 72.500 region. Since it had a strong support, however I did the opposite and trusted my analysis and sold it! Technical analysis on point.Why did i sell? MACD & Stochastic had just crossed on the Daily. Broke of trend-line and DXY went up!
4 Hour chart! we can see its respected that bottom trend-line 4 times already and its still going up. As of now their is still no sign of a reversal trend until it gets to the zone of 1.17450. That zone has a strong resistance line and its rejected a total of at least 6 times if we scroll back. My prediction it will go up once more to my zone before that big drop...