EU BEARISH - SIMPLE EXPLANATION
Hey Rich Friends,
It looks like EU will continue to sell. Here is what I am looking at:
- The candles have crossed below both EMAS and have started to consolidate below the 50 EMA,
- The MOM is facing down and below 0.
- The STOCH is facing down, below 50 and the orange line is above the blue line.
- High Impact News on both the EUR and USD the week.
Potential Sell Stop at 1.08000.
SL: Up to you
TP 1: 1.07600 40 pips
TP 2: 1.07200 80 pips
It looks like EU will continue to sell. Here is what I am looking at:
- The candles have crossed below both EMAS and have started to consolidate below the 50 EMA,
- The MOM is facing down and below 0.
- The STOCH is facing down, below 50 and the orange line is above the blue line.
- High Impact News on both the EUR and USD the week.
Potential Sell Stop at 1.08000.
SL: Up to you
TP 1: 1.07600 40 pips
TP 2: 1.07200 80 pips
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