Technical Analysis for EURUSD.

EURUSD - Daily

Market (21 above 55) is bullish. Price (5 above 8) is bullish. Stochastic is overbought and starting to move down. Price is at resistance MM4/1.085 and failed to move past 1.09. Support is at MPP/1.06.

EURUSD - H4

Market (21 above 55) is bullish, Price (5/8) is converging. Stochastic is moving down. Resistance at 1.09. Support at WM3/1.08 and also be careful of the 21EMA that serves as dynamic support. Price is in an uptrend and I would look for a reversal pattern before selling this pair. Reversal patterns I would be looking for: Price to bounce of WPP and find resistance at WM3/1.08 for a head and shoulders, Price to come off 55EMA for a double top or Price to start making lower lows and lower highs.

EURUSD - H4 (Correct chart)

One thought on “EURUSD – Sell Entry Trade Plan (28 March 2017)”

  1. nuno cabruja says:

    Great plan,:-)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.