EURUSD broke 13 month Low! Strong long term buy signal.
EURUSD hit yesterday 1.0500, a price we last saw 13 months ago on October 13th 2023.
That is the bottom of the Rectangle pattern and it is technically a rare buy opportunity.
Additionally, it appears to be repeating the bearish wave of July - September 2023, which bottomed on step 4 and rebounded above the 0.618 Fibonacci extension.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.09235 (Fibonacci 0.618).
Tips:
1. The RSI (1d) is on a Rising Support, thus a Bullish Divergence. That is an additional buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
That is the bottom of the Rectangle pattern and it is technically a rare buy opportunity.
Additionally, it appears to be repeating the bearish wave of July - September 2023, which bottomed on step 4 and rebounded above the 0.618 Fibonacci extension.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.09235 (Fibonacci 0.618).
Tips:
1. The RSI (1d) is on a Rising Support, thus a Bullish Divergence. That is an additional buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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