EURUSD is trading inside a Channel Down and is pulling back on the (4h) time frame after a double top near the MA200 (4h).
The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.04500 (MA200 4h and under the +2.88% move that December did).
Tips:
1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal.
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The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.04500 (MA200 4h and under the +2.88% move that December did).
Tips:
1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal.
Please like, follow and comment!!
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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.