FX.co ★ berta.hill | EUR/USD

#EUR/USD (Euro/US Dollar). An excellent trading plan can be developed for the instrument on the H1 timeframe, as there is currently a good opportunity in the market to enter a profitable trade with a high probability of successful forecast execution. We rely on the indicators of three indicators - HamaSystem, RSI Trend, and Magnetic_Levels_Color. The algorithm for selecting the optimal entry point into a position consists of several steps. First, on the higher timeframe H4, we determine the current trend. This will be helped by the 21-period moving average (Hama). Currently, quotes are below the moving average, indicating a downtrend, and we can only enter short positions.

Next, on the 1-hour chart, we wait for the Hama and RSI indicators to turn red. When these two conditions coincide, we open a short position. We exit the position at the magnetic levels. Today, the most probable levels for executing the forecast are - 1.05417. If the quotes approach the desired magnetic level, we carefully observe the instrument's behavior - if the price continues to move confidently in the right direction, we activate the trailing stop and wait for the profit to increase. If it starts to slow down and struggle in one place, we exit at the magnetic level without hesitation.