EURUSD on a V-shaped recovery
EURUSD smashed through and closed over its MA50 (4h) with easy, extending today the gains.
Potentially a new Channel Up is being formed, though not necessary it can contain a strong rise.
Fibonacci 0.5 already filled.
Trading Plan:
1. Buy within the MA50 (4h) and MA50 (1h) Zone.
Targets:
1. 1.0720 (over Fibonacci 0.618 and potentially on the MA50 (1d) and MA 200 (4h).
Tips:
1. The MACD (4h) just turned neutral indicating possibly that there is a lot of upside remaining on this move.
Please like, follow and comment!!
Potentially a new Channel Up is being formed, though not necessary it can contain a strong rise.
Fibonacci 0.5 already filled.
Trading Plan:
1. Buy within the MA50 (4h) and MA50 (1h) Zone.
Targets:
1. 1.0720 (over Fibonacci 0.618 and potentially on the MA50 (1d) and MA 200 (4h).
Tips:
1. The MACD (4h) just turned neutral indicating possibly that there is a lot of upside remaining on this move.
Please like, follow and comment!!
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