EURUSD sell trade idea 05 08 2021
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
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