EURUSD is trading inside a Channel Up for a little more than a month and currently is on a rejection pull back on its top.
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
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Notes:
Past trading plan:
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.