Thursday, 15 April 2021

EURUSD DAILY TIME AND 4 HOUR TIMEFRAME SELL TRADE SET UP

 There is pending EURUSD  sell trade. Let look at  it from daily time  frame.


From the above screenshot, pric is below ichimoku cloud  and is at support level at 1,1993 .This level is likely to be rejected because stochastic indicator is in overbought  region as shown in above. Then  switch to 4 hour time frame for entry.


The screenshot above is 4 hour time frame entry setup.. Ma cloud is above the central tma  line

The supertrend profit indicator and part of ma cloud are above the upper band of tma indicator.

sell this trade when the supertrend profit indicator prints a sell label. Put your  stoploss  at the most recent swing high. Exit the trade on your own discretion or apply   1:3 risk reward ratio

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