EURUSD-Daily - Downtrend weakening
Between May 2018 and September 2018, the 100 day simple moving moving average was tested just once.
Since then (Sep 2018 - Apr 2019), it has been tested 4 times signaling a weakening of the downtrend.
Wait for confirmation:
* cross of SMA50 above SMA100
* breakout above the 1.14755 resistance level
* establishment of a higher-high
To buy long and ride the up wave.
Since then (Sep 2018 - Apr 2019), it has been tested 4 times signaling a weakening of the downtrend.
Wait for confirmation:
* cross of SMA50 above SMA100
* breakout above the 1.14755 resistance level
* establishment of a higher-high
To buy long and ride the up wave.
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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.
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.