A potential reversal of the downtrend in EUR/USD hourly (see link below to my previous post) did in fact materialize as an attempted 7th wave downwards failed early this morning. That was followed by a strong move to the upside that straddled the upper Bollinger band until EUR/USD pulled back somewhat in the late afternoon hours.
The 50 MA is now angling up. We have thus completed a first wave in the uptrend.
It is time to go long on pullbacks.
The 50 MA is now angling up. We have thus completed a first wave in the uptrend.
It is time to go long on pullbacks.
Related publications
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.
Related publications
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.