Developing Bearish Opportunity on EUR/USD

The EUR/USD is showing signs of a bearish trend extension as the current retracement on the 4-hour chart appears to be weakening. The RSI is near overbought and the current 4-hour candle is bearish with a long downwards wick. The bulls are still fighting, but I am anticipating the buying pressure to let up soon as this candle can't seem to maintain prior bullish strength. My entry signal is a lower low, lower close candle where the current candle low and close are both lower then the previous candle's low. This signal tells me that momentum has shifted and to expect price to continue to move lower. If I do get my entry signal, my stops are planned at 1.2530 and profit target at 1.2205. This presents roughly a 4.5 to 1 risk:reward profile, depending on when (and if) we get a valid entry signal.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出