EURUSD gave us a successful buy signal last time (see chart in the end).
Today it crossed and closed a candle (4h) under the MA50 (4h) for the first time in 2 weeks.
This creates the potential for a Triangle pattern, negating the Channel Up.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (a 4h candle) over Resistance (1).
Targets:
1. 1.07400 (Pivot Zone abd MA50 1d).
2. 1.10325 (Resistance 2).
Tips:
1. RSI (4h) rebounded on its Rising Support but is struggling to break its MA line. This is critical, failure to do so adds selling pressure.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
Today it crossed and closed a candle (4h) under the MA50 (4h) for the first time in 2 weeks.
This creates the potential for a Triangle pattern, negating the Channel Up.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (a 4h candle) over Resistance (1).
Targets:
1. 1.07400 (Pivot Zone abd MA50 1d).
2. 1.10325 (Resistance 2).
Tips:
1. RSI (4h) rebounded on its Rising Support but is struggling to break its MA line. This is critical, failure to do so adds selling pressure.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
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Also doing account management, earn +15% monthly profit!
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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.