EURUSD Inverse Head and Shoulders to 1.08500
EURUSD has formed an Inverse Head and Shoulders pattern, confirming the bottom of the long term bearish sequence.
The right shoulders is about to be completed and there is no better time to buy than now.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08500 (marginally under the 2.0 Fibonacci extension)
Tips:
1. The RSI (1d) crossed above its MA on Nov 25th, confirming the transition from long term bearish to a bullish trend. This supports our 2.0 Fib target.
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Notes:
Past trading plan:
The right shoulders is about to be completed and there is no better time to buy than now.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08500 (marginally under the 2.0 Fibonacci extension)
Tips:
1. The RSI (1d) crossed above its MA on Nov 25th, confirming the transition from long term bearish to a bullish trend. This supports our 2.0 Fib target.
Please like, follow and comment!!
Notes:
Past trading plan:
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