EURUSD sell trade idea 25 10 2021
SELL EURUSD 1.1620
SL: 1.1650
TP1: 1.1600
TP2: 1.1580
TP3: 1.1560
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
SELL EURUSD 1.1620
Timeframe: H1
Step 1 - Previous News: EUR: Flash PMI data overall slowdown in business activities, USD: Flash PMI continued expansion
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, USD: -
Edited 26 Oct 2021, 14:18
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