EUR-USD Technical Analysis 08-Oct-2020

Across all the traded time frames - MACD and stochastic conflicting one another providing confusing signal of the true directions of euro dollar in the short terms trading. As you can see in 1m, 5m, 15m, 30m, 1h, 4h, Daily, Weekly both MACD and Stochastic in contra directions. This is where the great manipulation will take place how the market maker would like it to be. If you trade at this point they could pull the trigger against you until it clouded your perceptions of the true market directions.

See the chart below the picture of what was explained above.
 

However in the monthly time frames the clear direction is up as indicated by the MACD signal. So what does this tells us ? It means there is a strong bullish trend in the long run but the current retracement fluctuations could post a potential danger to day traders. That is the moment when the market maker manipulate the situations to their advantage to finish all the stop losses set by traders.