EUR/USD Analysis on the 1-Hour Timeframe
EUR/USD Analysis on the 1-Hour Timeframe:
📉 Analysis of the Last 3 Declining Waves:
By examining the last three bearish waves, we can observe a weakening trend in terms of price movement, the time taken for each wave, and the slope of each wave. This weakening trend is also reflected in the oscillators as divergence signals.
🔄 Higher Cycle Trend:
Given that the higher cycle trend is bullish, we can consider entering a buy position if confirmation is received.
🚀 Wave 4 Observation:
Wave 4 is marked by a large candle at the end of the trend, which could indicate the end of the bearish trend if confirmed.
📈 Early Entry Opportunity:
If the price does not reach the bottom of the channel and starts rising from the current level, an earlier entry might be possible.
⚠️ Important Note:
This is an early-stage analysis. Please be patient and wait for additional confirmations before making any trading decisions.
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Trend Analysis, Oscillators, Divergence
#EURUSD #Forex #TrendAnalysis #Tradecitypro #TCP
📉 Analysis of the Last 3 Declining Waves:
By examining the last three bearish waves, we can observe a weakening trend in terms of price movement, the time taken for each wave, and the slope of each wave. This weakening trend is also reflected in the oscillators as divergence signals.
🔄 Higher Cycle Trend:
Given that the higher cycle trend is bullish, we can consider entering a buy position if confirmation is received.
🚀 Wave 4 Observation:
Wave 4 is marked by a large candle at the end of the trend, which could indicate the end of the bearish trend if confirmed.
📈 Early Entry Opportunity:
If the price does not reach the bottom of the channel and starts rising from the current level, an earlier entry might be possible.
⚠️ Important Note:
This is an early-stage analysis. Please be patient and wait for additional confirmations before making any trading decisions.
---
Trend Analysis, Oscillators, Divergence
#EURUSD #Forex #TrendAnalysis #Tradecitypro #TCP
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