EUR / USD CHART H 1 After carefully examining the current chart of the currency pair/instrument #EUR/USD H1 (Euro/US Dollar), we can observe a favorable market situation for short trading. To select the most suitable position for opening a trade and achieving a good profit, several necessary preliminary conditions need to be met. First and foremost, it is essential to correctly identify the current trend on the higher timeframe H4, to avoid errors in market sentiment forecasting that could lead to financial losses. So, let's look at the chart of our instrument with a 4-hour timeframe and check the primary condition - the trend movements on the H1 and H4 timeframes must coincide. Thus, by checking the fulfillment of the first rule, we can see that today, the market is giving us an excellent opportunity to enter a short trade. In further analysis, we will rely on the signals of three working indicators - Hama System, RSI Trend, and Magnetic _Levels_ Color.We are waiting for the moment when the Hama and RSI indicators change color to red, which will be the primary confirmation that sellers dominate the market during this period. Once this happens, we enter the market and open a sell trade. The exit point from the position will be chosen according to the indicators of the magnetic levels indicator. Today, the most probable levels for signal execution are as follows - 1.04966. We will then carefully monitor the price behavior on the chart as it approaches the selected magnetic level and decide how to proceed - whether to keep the position in the market until the next magnetic level or to take the profit already achieved. To further increase potential earnings, a trailing stop can be activated
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