Is it a beginning of a Bearish Week for EURUSD?
Well.. I started a late analysis this week. However, a sell trade was entered yesterday during asian session. I detected a bearish move on M5, and took the risk sell at that point.
I'm short this week, with a Stoploss at 1.45390 for a break even point. Now profiting for 71 pips.
Here's a bit update of EURUSD on other TF:
Daily: Tenkan Sen vs Kijun Sen - Short / Kumo Sentiment: Short
H4: Tenkan Sen vs Kijun Sen - Long / Kumo Sentiment: Long
H1: Tenkan Sen vs Kijun Sen - Short / Kumo Sentiment: Short
M30: Tenkan Sen vs Kijun Sen - Short / Kumo Sentiment: Short
M15: Tenkan Sen vs Kijun Sen -Short / Kumo Sentiment: Short
M5: Tenkan Sen vs Kijun Sen - Long / Kumo Sentiment: Short
Update at 20:00 GMT respectively. Bearish movement is 55% overall for H1, its still a weak bearish move for today.
We will still looking forward to a strong bearish move, especially if Kijun line started to look south, for a continuous down move. It is advisable to place a SL in this trade. A SL will be above H1 kumo clouds, indicating a continous Bullish move from last week.
Happy trading guys.
By Radin Hisyamuddin - SFXT - More analysis by requesting to me by email at radinfx@gmail.com