Why I Think EURUSD Will Continue to Sell

13 set 2023

Hey Rich Friends,

I think EU will continue to sell. Here is what I am looking at:
- Candles are below both EMAs. My bearish confirmations are met.
- MOM is facing down and negative. My bearish confirmations are met.
- STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met.
- The current candle has closed below the 50 EMA.
- Bearish Harami pattern on H4

My Strategy
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic

Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait

Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.

I will be Selling At Market Execution and Setting a Sell Limit At 1.07450 Or Higher

SL: 40 PIPS FROM ENTRY
TP 1: 1.07050 (40 pips) 1:1RR
TP 2: 1.06850 (60 pips) 1:1.5RR
TP 3: 1.06650 (80 pips) 1:2RR

Result:
Pending

Please Do Your Own Analysis And Use Proper Risk Management. If Using Market Execution, Adjust Your Tp And Sl To Your Actual Entry

14 set 2023

Trade chiuso: obiettivo raggiunto

14 set 2023

Nota

TP 3 Hit!

9 apr 2024

Nota

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themoneymantra.talentlms.com/plus/external-catalog