USDTEURMarket just finished 1-5 Elliot wave, hit our sell zone which was formed by a market more than a year ago. if the market closes daily candle below 0.912 which is just below our entry zone it is our point to entry.
Aroon: blue line is right next to orange one in the weekly time frame, once it crosses we are heading for a down trend.
MACD :Shows a gain in upwards momentum but it is slow to catch up, once it closes below our sell zone it will give us an entry to sell, 4h and below timeframe it's already showing a loss in momentum which shows that we are heading for a sell.
Bollinger band: we are at the top Bollinger band if it bounces and closes below sell zone we are in a clear to sell
Since we finished our 1-5 Elliot wave in the uptrend, we should get retracement to 50% fib zone, and get an ABC correction before going up.
Entry: 0.912
Invalidation: 0.925
Target: 0.86
Ratio: 1:3.6
