EURUSD is trading inside a Channel Down on the (1h) time frame.
The price hit its bottom and is consolidating, being oversold on the RSI (1h).
This consolidation usually leads to a short term rebound to the 0.5 Fib and MA50 (1h).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08550 (the 0.5 Fib and potential contact with the MA50 (1h)).
Tips:
1. The RSI (1h) has formed the exact same sequence it did on October 10th. That was also a bottom that led to a 0.5 Fib/ MA50 (1d) test.
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Notes:
Past trading plan:
The price hit its bottom and is consolidating, being oversold on the RSI (1h).
This consolidation usually leads to a short term rebound to the 0.5 Fib and MA50 (1h).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08550 (the 0.5 Fib and potential contact with the MA50 (1h)).
Tips:
1. The RSI (1h) has formed the exact same sequence it did on October 10th. That was also a bottom that led to a 0.5 Fib/ MA50 (1d) test.
Please like, follow and comment!!
Notes:
Past trading plan:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.