EURUSD Bull - Long move - weekly
Note: I have another Long bear study for this pair.
While this pair remains in a long Bear channel, it did not take advantage of a recent double top and is actually staring at a significant double bottom.
It may seem crazy to think EURUSD can race towards the 1.20 range but looking at some very simple averages we can see even racing all the way up to 1.25 still keeps this pair in the long Bear channel.
I'm setting 2 long alerts on this pair to:
1.16163 - W confirmation
1.17359 - .382 resistance zone
Both price points are currently significant for major swings up towards the 200MA/SMA (1.185 - 1.217) while staying in a very long bear channel.
While this pair remains in a long Bear channel, it did not take advantage of a recent double top and is actually staring at a significant double bottom.
It may seem crazy to think EURUSD can race towards the 1.20 range but looking at some very simple averages we can see even racing all the way up to 1.25 still keeps this pair in the long Bear channel.
I'm setting 2 long alerts on this pair to:
1.16163 - W confirmation
1.17359 - .382 resistance zone
Both price points are currently significant for major swings up towards the 200MA/SMA (1.185 - 1.217) while staying in a very long bear channel.
Note
Trade closed: target reached
formed!looks beautiful, the ranges are too spread on a weekly chart but upside for this summer is quite appealing
will create new charts as we move along
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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.