Possible long trade on EURUSD with MACD Divergence

This looks like it gearing up for a push long. We can't say for certain whether the dollar is in retreat yet but we could at least see it travelling sideways for a while within the corrective structure it's been in for the past month or so. Given what happen the last time the Fed hiked rates I doubt they'll be in a hurry to repeat that unless we see some inflationary figures coming out of the US. Given the drop off in MACD and what appears to be a bottoming of the latest push down on EURUSD I am looking for a long entry set up on this pair today and possibly Monday.

This is not investment advice but if you like it you can learn much more on our website (link below)
Please remember to share and like if it takes your fancy lol

Steve Nixon
Trainer & Mentor @logicfxtrading

Komentar:

Sorry folks I forgot to put any information on the chart

Komentar:

Still waiting for this to break long. Do not get involved until it breaks and gives us an entry set up. This could still push lower Remember if/Then If it breaks long then we look for the set up