Note

EURUSD sell trade idea 05 08 2021

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#OPINIONLEADER# #Signal#

SELL EURUSD 1.1833

SL: 1.1863

TP1: 1.1813

TP2: 1.1793

TP3: 1.1773

Signal Analysis 

Currency Pair: EURUSD

SELL EURUSD 1.1833 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone Retail Sale indicated a strong slowdown, USD: ADP Non-Farm Employment Change strong slowdown in jobs, ISM Services PMI fastest pace in expansion, hawkish remarks on QE tapering sent by FOMC committee members

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow touch

- Stochastic: H4 in over sold

- PSAR: bearish

Step 5 - Upcoming News: EUR: -, USD: Unemployment Claims 2030hrs, FOMC committee member Waller speaking 2200hrs

EURUSD sell trade idea 05 08 2021

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