EURUSD: Sell signals on 4H and 1D towards 1.12300.
The pair has currently hit a Lower High on the 4H Channel Down (RSI = 51.755, MACD = -0.001, Highs/Lows = 0.0000) making 1.13540 the most suitable sell entry on 4H. Since the Channel's Lower Lows have a -0.34% difference, we expect the next Lower Low to be also -0.34% at 1.12300, which is our TP.
If that fails, on 1D the most suitable sell entry is at 1.1415, which is a Lower High on 1D. Since the Lower Highs on 1D are on a -0.24% sequence we assume that the next potential Lower High will also be -0.24% from the previous one, i.e. 1.1415.
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If that fails, on 1D the most suitable sell entry is at 1.1415, which is a Lower High on 1D. Since the Lower Highs on 1D are on a -0.24% sequence we assume that the next potential Lower High will also be -0.24% from the previous one, i.e. 1.1415.
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