EURUSD is Bounced down and Forming MSH
Hi Guys,
EURUSD is giving a signal as below for Sell,
1. It tested and bounced down on upper trend line of Falling Wedge
2. MSH was formed and gave us to signal to Sell.
Scenario 1
Trade: Sell because price closes below the low of the third candle.
Target: One is to trade until another MSL forms near a key significant level.
Stop: Place a "stop" order above the MSH pattern's high.
Scenario 2
Trade: to be sure, wait for MACD to be crossed down and RSI go below 50%.
Good Luck
EURUSD is giving a signal as below for Sell,
1. It tested and bounced down on upper trend line of Falling Wedge
2. MSH was formed and gave us to signal to Sell.
Scenario 1
Trade: Sell because price closes below the low of the third candle.
Target: One is to trade until another MSL forms near a key significant level.
Stop: Place a "stop" order above the MSH pattern's high.
Scenario 2
Trade: to be sure, wait for MACD to be crossed down and RSI go below 50%.
Good Luck
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